GRUNWALD GAOLED
Fraudulent Use Of £3,250,000 LONDON, July 22. A 34-year-old Austrian-born solicitor. Friedrich Grunwald, and the former managing director and secretary of the State Building Society, and Herbert Hugh Murray were today found guilty of fraudulently converting to their own benefit £3,250.000. Each was sentenced to five years’ imprisonment. Both had pleaded not guilty. It was the twenty-eighth day of the trial of Murray and Grunwald, who returned voluntarily from Israel to Britain to face charges of fraudulently using £3.255.500 and £150,000 of the State Building Society in attempts to buy up shares in other companies.
It was alleged that at one time money was flowing into the building society at the rate of £lOO.OOO to £200.000 a week.
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Press, Volume XCIX, Issue 29265, 25 July 1960, Page 15
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120GRUNWALD GAOLED Press, Volume XCIX, Issue 29265, 25 July 1960, Page 15
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