Paul Kelly, formerly Asda’s vice president for corporate affairs faces jail after admitting seven counts of fraud at Leeds Crown Court. (Business Desk)

Kelly (55) admitted that he diverted £180,000 from Asda’s charity fund to the MurleyDance ballet company, also a charity, run by his partner Paul Murley (35) Kelly used his position as chairman of the supermarket’s charity foundation to divert money purportedly being used to help flood victims to the ballet company.

Kelly, who parted company with Asda when the fraud was discovered by his employer in September 2014, was also an ambassador for Prince Charles’s Business in the Community charity. He is expected to be sentenced later this month.