The former chief executive of JJB Sports, Christopher Ronnie, has been ordered to pay a fine of £632,662.31 after being found guilty of accepting more than £1m in backhanders from suppliers.
As reported by Drapers, Ronnie was convicted in November 2014 of the fraud, which related to his time at the sportswear retailer in 2007 and 2008.
Ronnie must pay the full amount within three months or serve a prison sentence of five years.
Mark Thompson, head of the Serious Fraud Office’s Proceeds of Crime Division, said: “The SFO is committed to ensuring that fraudsters do not retain the benefit of their crimes. We will take steps to make sure the order is satisfied within the period set by the court.”