A DOUBLE-DEALING BUSINESSMAN MILKED OVER #10,000 F

A DOUBLE-DEALING BUSINESSMAN MILKED OVER #10,000 FROM THE

COMPANY HE HELPED SET-UP, A COURT HEARD.

AFTER JOINING FORCES WITH PARTNERS SURINDAR CHADDA AND ANTHONY

LAWS IN JUNE LAST YEAR, 23-YEAR OLD BUSINESSMAN STEPHEN ROYLANCE SET

UP COMPANY IN OLD BOND STREET.

THE TRIO’S COMPANY, MORWELL LIMITED, DESIGNED AND PRESENTED
THE PAGES OF BRITISH TELECOM’S ‘PRESTEL’ INFORMATION SERVICE,
THE COURT HEARD.

BUT FOUR MONTHS AFTER ITS BIRTH , MONEY BEGAN TO DISAPPEAR
FROM THE ACCOUNTS, PROSECUTOR MR JEREMY CARTER-MANNING TOLD THE
COUR.

‘OVER A PERIOD OF JUST TWO MONTHS ROYLANCE MADE OUT OVER
#10,000 WORTH OF CHEQUES TO THE FALSE NAME OF CALAGHAN WHEN IN
FACT HE WAS TAKING THE MONEY FOR HIMSELF.

‘ ALLEGED COUNSEL.

AND ON SEVERAL OCCASIONS, ROYLANCE SYPHONED OFF COMPANY
MONEY TO PAY FOR A #1600 DEPOSIT ON A NEW FORD ESCORT AND A FURTHER

#1300 TOWARDS RENT ON HIS FLAT IN STATION PARADE, COCKFOSTERS ROAD,

BARNET, HERTFORDSHIRE, IT WAS ALLEGED.

BUT THE DOUBLE-DEALER WAS CAUGHT OUT WHEN HIS SHARP-EYED

PARTNER CHADDA NOTICED INEXPLICABLE LOSSES IN ACCOUNTS.

ROYLANCE DENIES 14 CHARGES OF THEFT FROM MORWELL LTD BETWEEN

OCTOBER 31 LAST YEAR AND JANUARY 6 THIS YEAR.

THE TRIAL CONTINUES.

ENDS