John Julyan is a  former Western Cape relationship manager at Barclays Wealth (a division of Absa). He is also a very naughty man. Not “use tax-payers money to buy porn” level of naughty, but more “steal more money than I can carry” kind of naughty. He was so naughty that  he was found guilty on Monday of 39 counts of theft, totalling R15 million. He was also convicted of money laundering by the Bellville Specialised Commercial Crime Court.

Julyan’s lawyer, Asghar Mia, pleaded with the court to reconsider. She asked for the court to either extend the warning, or to release him on bail for R2,000, which was all he could raise at the time (awkward). The judge was ruthless, telling Julyan:

You have been found guilty of theft involving R15 million and that, in anyone’s language, is a huge amount. You will be kept in custody until the case resumes.

Julyan was the man who was charged with the responsiblity for multi-million rand investments belonging to Absa client, the late Professor Bryan Cremin, who prior to his death was the head of radiology at the Red Cross Children’s Memorial Hospital in Cape Town. The Professor suffered from Alzheimer’s disease – and that’s how Julyan found a way in.

He stole Cremin’s funds to buy pimpin’ houses in Knysna, on the Cape south coast, and in the upmarket Cape Town suburb of Constantia. But he didn’t stop there! He also pumped Cremin’s funds into a financially troubled business owned by Julyan’s wife, bought a boat that he moored at Knysna, and went on expensive holidays to Austria.

Not ideal.

[Source : Fin24]