Facing jail for running fire alarms slush fund

A businessman who bribed a pair of council contractors with a ‘tsunami of cash’ in return for lucrative fire alarms deals is facing jail. Costas Polycarpou, 41, paid out nearly £90,000 allowing Hackney Council maintenance subcontractor Lee Wylie, 47, to ‘live the life of Riley’. Wylie, along with another subcontractor from the maintenance firm Lakehouse, who cannot be named, enjoyed a lavish life of foreign holidays and fast cars. Polycarpou fed him ‘sweeteners’ via a sham company that was supposedly…