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Reading: Ex Go-Ahead man jailed for £733k fraud 
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routeone > News > Ex Go-Ahead man jailed for £733k fraud 
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Ex Go-Ahead man jailed for £733k fraud 

routeone Team
Published: 20 February 2018
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Mr Smart stole £733,390 over six years from Oxford Bus Company

A former Business Analyst at Go-Ahead-owned Oxford Bus Company (OBC) has been jailed for four years for stealing £733,390 over six years from the company.

Colin Smart, 47, of Crundel Rise, Witney, pleaded guilty to fraud by abuse of position, theft by employee and concealing criminal property.

Oxford Crown Court heard that he was one of the staff responsible for recording money collected from on-street ticket sellers on to a computer system once it had been counted.

He manipulated computer records to conceal the theft, which took place between May 2011 and March 2017.

He deposited the money into his personal bank accounts and used it to fund online gambling and his lifestyle, including expensive cars. He was arrested in May 2017, after PayPal reported suspicious activity to OBC.

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