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Former partner struck off after fraud charge
7th February 2012
The former partner of a large international commercial law firm has been struck off by the Solicitors Disciplinary Tribunal (STD) after he admitted fraudulently taking almost £3m from the company and its clients.
Nathan Iyer was presented with a host of charges, including acting in a manner likely to compromise or impair his duty to act in the best interests of his clients and harming the good reputation of others in legal jobs.
The tribunal described the case as the worst instance of fraud they had ever come across, and bemoaned the potential damage that it may cause the legal industry as a whole. It was also revealed how Iyer’s former firm had been highly cooperative in helping the investigation, although it was also stated that they could not be sure that the full extent of his fraud had been uncovered, as several of the charges related to files still open.