Jan. 23 (Bloomberg) -- A former Morgan Stanley employee, burdened by gambling debts and fearing for his job, killed his wife “in a fit of rage” last July, London police said after he was sentenced to life in prison today.
Manas Kapoor strangled his wife, Shivani, on the same day in July that he was due to attend a disciplinary meeting at the bank over a multi-million dollar accounting error, police said in a statement today. The 35-year-old worked as a product controller in the finance department of Morgan Stanley in the Canary Wharf area of London.
The jury found Kapoor, who had about 8,000 pounds ($13,300) in gambling debts, “killed his wife, strangling her in a fit of rage when the many stresses came to a head,” Detective Inspector Simon Pickford said in the statement.
Under British law, he must serve a minimum of 16 years in prison, police said.
Hugh Fraser, a spokesman for Morgan Stanley, declined to comment. A police spokesman confirmed that Kapoor worked for the New York-based bank.
The case echoes another trial in London in 2009, where Neil Ellerbeck, a former HSBC Holdings Plc banker, was found guilty of manslaughter for strangling his wife. He is serving an eight-year prison sentence.
Kapoor had been summoned to work for a meeting on “a serious accounting error involving millions of dollars he was being held responsible for,” police said. He’d been on sick leave since January with depression and anxiety and was afraid he was going to lose his job, according to police.
Kapoor called emergency services that day saying he’d found his 35-year-old wife unconscious on the bedroom floor and believed she’d fallen off a stool, police said. He said he was in the bath at the time of the accident and that small scratches on his face were caused by his daughter.
He had sold jewelry belonging to his wife and their 18-month-old daughter, and borrowed thousands of pounds from friends to cover gambling debts.
“Shivani had complained to friends and family about the situation in the days before her death,” police said. “The prosecution said the circumstances were ‘ripe’ for him having lashed out in a fit of temper.”
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