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UK's biggest fare-dodger is unmasked and out of a job

Simon Dawson | Bloomberg | Getty Images

A millionaire City executive who dodged £43,000 ($72,000) in train fares and hoped to avoid prosecution has been unmasked -- and resigned from his job at a leading fund manager, The Guardian reports.

Jonathan Burrows, 44, tried to keep his anonymity by reimbursing Southeastern railways within three days of being caught. His identity has been revealed, however, after an investigation by British Transport police.

Read MoreLondon hedge fund exec in $72,000 fare 'dodge'

His commute from his East Sussex home should have cost him £21.50 each way, but Burrows, who earns up to £1 million a year and owns two country mansions worth £4 million, managed to pay just £7.20 over a period of five years.

City watchdog the Financial Conduct Authority has also investigated Burrows over concerns that he could be unsuitable for working in the City. Last week he was forced to tell his managers at BlackRock that the regulator was investigating him. He was suspended immediately from his job and eventually resigned.

You can read the full story here.

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