Earlier, prosecutor Philip Brown told the court: "The defendants used the simple but very effective means of inputting fictitious invoices into the accounting system and siphoning off money from BRDL
's bank accounts into a myriad of accounts that they controlled.
Judge Patrick Thomas QC described Sadler as a "highly intelligent and competent man", who overcame early difficulties to earn himself a position of great trust, prestige and rewards in his capacity as managing director of BRDL
Sadler worked for BRDL
at the university between December 1994 and January 2008.
Mr Sadler (pictured), BRDL
's former managing director, is accused of stealing around pounds 5 million while Ms Eggleton, a former secretary and bookkeeper at BRDL
, is alleged to have stolen more than pounds 2 million.
Police began investigating Mr Sadler's affairs and BRDL
in the middle of 2007 after being contacted by university management.
The move follows the arrest in October of Paul Sadler, BRDL
's former managing director.
It is understood the alarm was raised by an internal whistleblower who claimed that bogus invoices had been illegitimately processed by BRDL
, which is based on the university's Edgbaston campus.
, patron to some of the UK's most successful university spin-out projects including the Technology Transfer Fund and Mercia Spinner, has taken on IXC intermediary Dr Sarah Pearson, an internationally-renowned physicist.
It is understood that the alarm was raised by an internal whistleblower who claimed that bogus invoices had been illegitimately processed by BRDL
Aimed at medical and advanced material technology companies, it is managed by Birmingham University company, BRDL
, able to give grants of pounds 25,000.
Mr Sadler was managing director of Birmingham Research Development Limited (BRDL
), which is a lucrative trading subsidiary of the university.
Managed by University of Birmingham company BRDL
and with backing from Advantage West Midlands and Europe, the fund's grants help businesses succeed through a combination of funding, advice and networking.