The former head of finance at a now defunct Welsh homelessness charity has pleaded guilty to a £1.3m fraud.
Appearing at Cardiff Crown Court last Thursday, Robert Mark Davies, 50, pleaded guilty to fraud by abuse of position during his time as head of finance at Cyrenians Cymru.
He will be sentenced on 25 April.
Davies’s fraud was worth £1,343,074, and Cyrenians Cymru went into administration in 2015.
Davies was head of finance until 2014, when he was dismissed by the charity.
He was arrested the same year after an investigation by South Wales Police’s economic crime unit.
The charity, which had an income of £2.2m in the year to the end of March 2013, employed 75 staff.