Defrauded Academy facing sponsor change must pay £75k per month to EFA

From the Bournemouth Echo: '...fraudsters, posing as bank staff... tricked school (St Aldhelm’s Academy) finance chiefs... withdrew £1.1m... Whitehall demanding it back at the rate of around £75,000 a month.'



'...money for the school’s recent £9.8m rebuilding programme (Kier)'

In November last year it was revealed that St Aldhelm's was one of only two schools threatened with sponsor change due to poor performance - it's sponsors are Bournemouth University and the Diocese of Salisbury.

TES: in a separate development, it was also revealed yesterday that the school’s board, the St Aldhelm’s Academy Trust, has been given a financial notice to improve due to the academy's "weak financial position". '