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The former chief executive of the All Wales Ethnic Minority Association (AWEMA) charity has been cleared of two counts of fraud.
Nasir Malik, 65, had denied the charges, which related to the improper use of charity funds.
A jury at Swansea Crown Court failed to reach a verdict on a third charge and have been discharged.
Jurors in the trial of the former chief executive of the All Wale Ethnic Minority Association (AWEMA) have retired to consider their verdict. Nasir Malik, 65, is on trial at Swansea Crown Court accused of three counts of fraud.
It is alleged he paid cheques from the now defunct charity into his personal bank account to clear his credit card bills and used the charity's money to pay for a life insurance policy. He denies the charges.
The former boss of the now-defunct All Wales Ethnic Minority Association (AWEMA) told a court a pension scene would have been offered to all employees, a court heard.
Nasir Malik, 65, is on trial at Swansea Crown Court accused of three counts of fraud. It's alleged he used charity funds to pay off more than £12,000 in credit card debt, as well £3,500 towards his own life insurance policy. He denies all the charges.
During cross-examination by prosecutor Jim Davies QC today, Malik told the court that the pension scheme would have been extended to all staff had the organisation not folded.
He admitted that some of AWEMA's accounts were inaccurate, but blamed the charity's finance director Saquib Zia for the errors. Malik told the court it was Mr Zia who incorrectly recorded his pension scheme as 'insurance' rather than 'life insurance' or 'Mr Malik benefit.' He said the responsibility for managing Mr Zia lay with AWEMA's treasurer Stephen Matthews.
Malik also told the court he had made a hand-written note to AWEMA board members saying he would be taking a pay cut to fund his life insurance policy.
The case continues.
Swansea Crown Court has heard how the former chief executive of a Welsh charity used public money to take out a life assurance policy while the charity was in financial difficulty.
Nasir Malik, the former chief executive of the All Wales Ethnic Minority Association, is accused if 3 counts of fraud.
Mr Malik is charged with cashing cheques from Awema totalling over £11,000 to pay off personal credit card debts while also using the charities money for a life assurance policy.
Awema, which promoted equality and diversity in Wales, was wound up in 2012 after claims of financial mismanagement.
Today a jury heard the charity had reserve funds of £100,000 pounds but staff costs of over £127,000 in 2008.
The court were also told how Awema had given notice on their rented offices and had started laying staff off. Just a few months earlier Mr Malik had taken out a life assurance policy using the charities money costing £90 a month.
Giving evidence Awema's former Treasurer, Stephen Matthews, said in a meeting of the charities trustees he had warned how the charity could be wound up if they didn't secure new funding.
65 year-old Nasir Malik denies all charges of fraud claiming the cheques were used to offset work expenses while he was entitled to the life assurance policy after taking a salary sacrifice.
The case continues.
The fraud trial of the former chief executive of the All Wales Ethnic Minority Association (AWEMA) has got under way at Swansea Crown Court this morning.
65-year-old Nasir Malik is accused of paying cheques from the now defunct charity AWEMA into his personal bank account to clear his credit card bills, as well as using the charities money to pay for a life insurance policy.
Malik denies all three charges of fraud, claiming the cheques were to cover work expenses owed to him and the insurance policy was being developed for all staff at the charity. The trial continues.
Latest ITV News reports
A former charity chief executive paid back more than £100,000 to government officials following a funding error, a court has heard.