An asset finance manager from the Royal Bank of Scotland (RBS)
has been jailed for two years after deceiving his employers out of
£70,000 (€77,600) over a nine month period.
Yuen Fai James Lee abused his position as an asset finance
manager at RBS to “create false transactions or non-existent
transactions” for clients, Clare Stevens, prosecuting, told
Bradford Crown Court.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Lee, 37, joined RBS in September 2005, after being “allowed to
leave” another financial institution following the discovery of a
fraudulent transaction.
When arrested, Lee told police of his gambling addiction, which
was said to date from his adolescence. He also admitted to
defrauding his girlfriend for £20,000, which his family has now
paid back.
In mitigation, Gillian Batts said Lee had been frank about his
crimes.
“He is remorseful about what has happened. He has been engaging
with Gamblers Anonymous and he has not placed a bet for one year
and two days,” she added.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataJason T Hesse
