In fact he had actually only deposited £62,000, but staff at the Edinburgh bank didn’t notice the shortfall until five days later after it had been registered.
The £93,000 has never been recovered and today (Tuesday) Gopalakrishnan pled guilty to fraud at Edinburgh Sheriff Court.
Prosecutor Gerard Drugan said: “It is interesting how the offence was committed.
“He was a franchise owner of a Costcutter store throughout last summer.
“What happened was the amount that had been deposited was deficient by £93,000.
“The fraud came to light five days later when the envelope turned up at another division of the bank and was checked.
“He was only spoken to by police when he returned from Dubai at Glasgow Airport on 20 July.”
Police took Gopalakrishnan to a Paisley police station, where he admitted being involved in a fraud.
“The bank take it at face value”
Mr Drugan added: “With the Fast Cash system, the bank take it at face value that what is written is the amount inside and credit the account with that cash.
“Thankfully the bank have now modified their practices.
“There has been no recovery of the £93,000.”
His defence agent Paul Dunne reserved an explanation until sentencing.
Sheriff James Scott called for background reports and released Gopalakrishnan until June when he will be sentenced.