Robert Sutcliffe, former property boss for teen-focused retailer Etam, has been found guilty of conspiring to defraud the company in a massive swindle that took place over six years Drapers Record reported.

Mr Sutcliffe denied the charges which said that he created false invoices for inflated fees and bogus property consultancy work between March 1990 and July 1996.

However an eight month trial at Kingston Crown Court retuned two guilty verdicts against him. The outcome of a third charge is still uncertain.

The con was uncovered by Charles Price of Charles Price & Co property agency. He was appointed to sell some Etam properties in 1996 and, on examining previous payments, said he could not see any evidence to show that the previous agents did any work to justify their fees.