Mr Khan has been accused of ‘stealing’ more than £1million A married accountant sued for fraud by his former bosses after he spent tens of thousands of pounds of company money on escorts has agreed to hand them a £500,000 payout. Dad-of-two Mohammed Asif Khan, 45, was accused of stealing about £1.1m of company money while working for North of England Coachworks, the north east’s biggest vehicle bodyshop.
Defending the claim against him, Mr Khan insisted that he did not do anything his employers did not approve of, although he admitted paying escorts. Mr Khan claimed that much of the money that was taken from the company was in repayment of loans he had made to it when there were cash flow problems.W He told the judge: ‘I was giving them money when they had major cash issues. Within that time period, I gave them £800,000.