Courts / Dublin / Report
No jail for man who stole cash using banking "glitch"
Summary
Siva Kadiminisetty, a 36‑year‑old new father from Rathmines, was given a three‑year suspended sentence after he exploited a banking glitch that allowed him to steal over €25,000 from a bank over eight weeks. He admitted using a false passport to open a bank account in February 2009 and stealing cash at Dunnes Stores in July and August 2012. Kadiminisetty said he passed some of the money to a friend who helped him open false accounts, and he used part of the proceeds for college fees, flights home to India and groceries. He also withdrew cash by using an unsigned Visa debit card at supermarkets on four occasions. The judge noted his lack of prior convictions, good work history and unlikely re‑offending, and therefore suspended the custodial term on strict conditions. Siva Kadiminisetty pleaded guilty.
Who, what, where, when and why
What: Report matter: No jail for man who stole cash using banking "glitch". Charges or matters: using a false passport to open a bank account on February 10, 2009 and four charges of stealing cash at Dunnes Stores in both Rathmines and Stephen's Green on dates in July and August 2012. Procedural stage: sentence
When:
- February 10, 2009 Hearing Or Sentence
- August 2012 Hearing Or Sentence
- February 2009 Other
- 2019-11-04 Publication
Why: Gda Connolly explained that the accounts were "gold member accounts" which meant that at the time the bank would "give the benefit of the doubt" and allow for cheques to be lodged and credited to the account before being properly cleared. CNI source report
Case subjects
Defendant
Charges: using a false passport to open a bank account on February 10, 2009 and four charges of stealing cash at Dunnes Stores in both Rathmines and Stephen's Green on dates in July and August 2012 (Admitted)
Plea: Guilty
Outcome: Credit: Collins) A new father who took advantage of a banking glitch leading to over €25,000 being stolen from the institution over eight weeks has been given a three year suspended sentence. Judge Nolan said he felt a custodial sentence would not be appropriate in the case before he suspended a three year term in full on strict conditions.
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