Craig Raneberg pleaded guilty to 70 counts of theft between 2004 and 2011, according to Legal Week newspaper in London. The former chief financial officer – who was made redundant in June 2011 – will face a non-parole period of six years and four months.

Fantasy life

Judge Geoffrey Muecke told the South Australian District Court that Mr Raneberg ‘put into reality a somewhat fantasy life of the rich and famous’, after redirecting partner funds into his own accounts, reports the Sydney Morning Herald.
In a statement, Minter Ellison Adelaide managing partner Adam Bannister said: ‘Minter Ellison ... acknowledges that the matter involving Craig Raneberg has been dealt with by the court. We thank our dedicated staff and our clients who have remained steadfast in their support of our firm.’