New Delhi, Aug. 5 -- In a shocking turn of events, one British man has been jailed for misusing the company's credit cards to sponsor his trips to Disney World and for buying expensive gadgets.

The accused is 32-year-old David Carr from Warwickshire, who worked in a Bromsgrove-based IT company. He has now been sent to jail for four years and seven months,reported BBC.

The totalcredit card fraud amounted to £3,00,000 and the company, as a result, has been sent to liquidation. It is a legal process (under the Insolvency Act 1986) that has the aim of achieving one of the statutory objectives of an administration. This may be to rescue a viable business that is insolvent due to cash flow problems.

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