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Accountant stole more than £2 million

Money taken over 10 years

A Port Erin man has admitted stealing more than £2 million while he worked as a director of a trust company.

 

63 year-old Richard Alan Costain of Shirragh Way stole the money between 2004 and 2014.

 

The former accountant appeared before Deemster Montgomerie at Douglas Courthouse this morning.

 

Costain pleaded guilty to 14 offences of theft and will be sentenced on Friday, December 11.

 

He was been remanded in custody until that date.

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