Conman with no income and 30 houses is jailed

FRAUDSTER LAUNDERED £5.3M THROUGH COMPLEX WEB OF ACCOUNTS

- JASBIR AUTHI News Reporter

A BIRMINGHAM man who laundered more than £5.3m in cash through properties has been jailed.

Gurmeet Handa was behind the complex web of fraud involving dozens of properties which unravelled after West Midlands Police seized £30,000 in notes from an address in Alum Rock in 2016.

The seizure saw teams from Regional Economic Crime Unit, West Midlands Regional Organised Crime Unit and HMRC join together in an two-and-a-half year investigation into Handa's dirty dealings.

They identified that Handa had purchased around 30 properties despite declaring little or no income to HMRC.

He bought these houses using money sourced from a large number of bank accounts, including accounts based outside the UK. Eventually, they established that Handa had accrued more than £5.3m.