Share this content

ACCA removed dishonest Luton based Accountant

Luton Based dishonest accountant removed by ACCA for using client's money for personal use

Didn't find your answer?

On 10th December 2020, Luton based accountant ‘’Mr Madhusudan Natverlal Morjaria’’ of Simon Cooper & Co was removed from register by ACCA Disciplinary committee for retaining and using client's refund money from HMRC for his personal use without client’s authority. He was represented by Mr Cope to whom I closely follow in Accounting Web.

https://www.accaglobal.com/pk/en/about-us/regulation/disciplinary-and-re...

I have following questions and need your opinion

  • How did he hide refund information from active clients despite their accounts are prepared by him?
  • Did he exploited any loophole in the system?
  • Should there be a criminal investigation?

One possible explanation could be that It is very common for accountants to be the registered office for clients. Usually when a refund is issued by HMRC, one copy is sent to agent and second copy goes to client’s address. In the case of Ltd company, it goes to the registered office address which happens to be the accountant’s address.

Mr Morjaria exploited that loophole and never informed his clients about their refund infect he let them accumulate and then used that money to fund his other firm.  

Do you think may be ACCA and other bodies should inform HMRC about this loophole any refund letter must be sent to client’s business address or PSC’s home address rather than registered address. What do you think? Let discuss

Replies (3)

Please login or register to join the discussion.

avatar
By frankfx
24th Dec 2020 17:49

Anon
Are you desperately seeking
Anon. Responses?

Thanks (1)
avatar
By Youareatit
24th Dec 2020 18:11

Quote:
. What do you think? Let discuss

Lets not discuss. Other than to say, if you have questions direct them to the ACCA or stop hiding behind Anon.

Thanks (1)
Avatar
By I'msorryIhaven'taclue
24th Dec 2020 18:26

Pidgin English!

And I'm permitted to say that, on account of having myself migrated to England from a Third World country where English is, at best, poorly spoken. When I first crossed the Channel I made learning to speak the Queen's English my first priority.

That said. what's your interest in this OP? Why you behave like a News of the World reporter?

Thanks (3)
Share this content