Supermarket giant Coles has accused one of its finance executives of embezzling almost $2 million by brazenly transferring money out of the company and using fraudulent emails in an attempt to cover it up.
The Melbourne University MBA graduate oversaw a team of 80 people at Coles Online, according to his social media profiles.The keen Brazilian jujitsu competitor appears in photographs with Coles' chief executive Steven Cain, chief financial officer Leah Weckert and online boss Alister Jordan at the launch of its partnership with"Here is the team who worked so hard in the last 20 months", Mr Baslangic wrote on LinkedIn.
Just over $1.58 million was transferred to a company called Katana Services, which used an ABN belonging by a machinery repairs business in Melbourne's south-east. Coles Online general manager Karen Donaldson said in a separate affidavit she had "worked closely" with Mr Baslangic - he reported directly to her - since February 2017.
pwhatch I hope his defence lawyer in going for a non-custodial sentence points out this employee stole $2M from his employers - but recently an employer stole $7.8M from his employees and all it cost him was $200k.
pwhatch Coles deserves it.