City chief 'in £42,000 fare dodge'

%VIRTUAL-SkimlinksPromo%A senior city executive is believed to have dodged more than £42,000 in train fares after exploiting a loophole which meant he only paid a third of the journey cost.

The hedge fund manager is thought to have spent five years "tapping out" through the barriers at London Cannon Street with an Oyster Travelcard rather than paying the full fare for the one hour and 22 minute journey from Stonegate in East Sussex, a spokesman for Southeastern trains confirmed.