Four individuals were sentenced at Southwark Crown Court today after guilty verdicts were delivered on Tuesday for a £160m fraud against Barclays Bank and KBC Lease (UK) Limited (“KBC”).

Stephen Dartnell formerly of Total Asset was sentenced to 15 years in prison. This was composed of 10 years for conspiracy to commit fraud by false representation with respect to Barclays, 5 years with respect KBC to be served consecutively, and 6 years for conspiracy to receive corrupt payments to be served concurrently, but because of sentencing guidelines in fraud cases the total sentence reached a cap of 15 years.

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Dartnell will serve half of his sentence before being released on license, and liable to be recalled to prison if in breach of the license conditions.

The judge also upheld Dartnell’s disqualification from holding a company directorship, which was imposed in 2013, for 12 years.

George Alexander, formerly of Total Asset was sentenced to 12 years in prison. This was composed of 8 years for conspiracy to commit fraud by false representation with respect to Barclays, and 4 years with respect KBC to be served consecutively.

The judge told Alexander: “You participated in the fraud with your eyes wide open.” Alexander’s disqualification from holding a company directorship for 12 years, also from 2013, was upheld.

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Carl Cumiskey of H20 was sentenced to 10 years, 7 years for conspiracy to commit fraud by false representation with respect to Barclays and 5 years with respect KBC to be served consecutively.

The judge also upheld Cumiskey’s disqualification from holding a company directorship, which was imposed in 2013, for 10 years. The judge said that Cumiskey: “worked hand in glove to defraud banks.”

Simon Mundy, formerly of KBC, was sentenced to seven years, composed of seven years for conspiracy to commit fraud by false representation with respect to Barclays, and 6 years for conspiracy to receive corrupt payments, to be served concurrently.

They will all serve half of their sentences before being released on license, and liable to be recalled to prison if in breach of the license conditions.’