The latest figures show house prices in Oxford went by 8.1% in the last year.
Oxford: Ex-Worker Who Stole £5.9m From BMW-Mini Is jailed
A jail term of five years and four months has been handed to a man who stole more 6 million pounds from BMW-Mini when he worked at the plant in Cowley.
Johannes Franken, aged 50, of Fockbury Road in Bromsgrove, was sentenced at Oxford Crown Court today (16/6) after pleading guilty to six counts of fraud.
Five counts of fraud by false representation totaling more than £5.9m and one count of possessing criminal property.
He was sentenced to five years and four months’ imprisonment for money laundering and four years’ imprisonment for the fraud, which will run concurrently.
He pleaded guilty to all of the charges on 12 May at Oxford Crown Court.
The fraud is in relation to offences committed while he was working for BMW. They occurred between September 2011 and December 2014. Franken made false representations, altering supplier invoices and payments so that monies were diverted to his account. He made 59 separate transactions; the largest was more than £278,000.
Investigating officer Det Sgt Duncan Wynn, from the Economic Crime Unit, said:
"I hope this sentence will act as a deterrent and show that crime does not pay.
"Franken systematically abused his position of trust with his employer to steal large sums of money which he spent on a lavish lifestyle including over £200,000 on vehicles, the purchase of a dive school in Mauritius and other foreign based properties.
"So far assets and monies totaling £2.5m have been located and restrained under the Proceeds of Crime Act.
"We are currently actively pursuing the outstanding amounts. Part of the role of the Economic Crime Unit is to deploy all available options to remove the assets gained through criminality."
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