An investment banker has been given a two year suspended prison sentence after he admitted stealing £232,000 from the Dinam Charity, which had been set up by his grandfather.

Johnathan Davies, 65, used the money to fund purchases of wine, golf club memberships and private school fees for one of his daughters. Davies, the £37,000 a year secretary and a trustee of the charity wrote cheques out to himself over a 14-year period until other trustees noticed that the charity’s debts had increased by 7,500% and called in the police.

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