Couple accused of using private school funds for luxury lifestyle

A couple who set up a top private sixth-form college used it like a piggy bank to fund a luxury lifestyle, the Daily Mail reported from court. Yasmin Sarwar, aged 48, and her husband Nadeem, aged 50, established Cardiff Sixth Form as a charity. The prosecution alleged that the couple diverted more than five million pounds from fees paid by parents. [1]

A jury heard details of multiple financial transfers recorded as expenses. Prosecutors claimed these funds were used to pay for lavish spending sprees, which included expensive jewellery, grand pianos, and Rolex watches. One individual purchase detailed in court included a single transaction worth 30,000 pounds. [1]

Rolex is a Swiss luxury watchmaker based in Geneva, Switzerland. The company was originally founded in London in 1905 by Hans Wilsdorf and Alfred Davis before relocating its operations to Switzerland after World War I. [3]