Pair jailed over banks swindle

Achilleas Kallakis and Alexander WilliamsTwo fraudsters who conspired to swindle banks of hundreds of millions of pounds have been jailed.

Achilleas Kallakis and Alexander Williams, both 44 and from London, tried to defraud Allied Irish Banks (AIB) out of £740 million and Bank of Scotland (BoS), as it was known, of 26 million euro (£22 million) between August 2003 and November 2008.
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The offences were carried out over five years and funded property and luxury yacht scams.

At Southwark Crown Court Kallakis, the "prime mover", was jailed for seven years and Williams for five years.

Neither reacted as Judge Andrew Goymer delivered the sentences.

During the trial, the jury was told that Kallakis used the proceeds of his fraud to fund the lifestyle of the super-rich in which he maintained a fleet of chauffeur-driven Bentleys, a private plane, a private helicopter, a luxury yacht moored in Monaco harbour and a collection of high value artworks.

The pair were convicted on Wednesday of two counts of conspiring to defraud the banks after a four-month trial.

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Pair jailed over banks swindle

Jailed for evading over £4.5 million in VAT due on platinum trading.

Jailed for evading over £4.5 million in VAT due on platinum trading.

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A gang which described over 20 million smuggled cigarettes on shipping documents as babies’ toys was jailed after a covert surveillance operation.

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A gang which described over 20 million smuggled cigarettes on shipping documents as babies’ toys was jailed after a covert surveillance operation.

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Part of a criminal gang which set up a factory capable of making up to 625 million counterfeit cigarettes and five million pouches of fake hand rolling tobacco a year.

Part of a criminal gang which set up a factory capable of making up to 625 million counterfeit cigarettes and five million pouches of fake hand rolling tobacco a year.

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The gang claimed to have sold four million mobile phones worth £1.7 billion. However, in many cases the phones did not exist. In an attempt to make the trade appear legitimate, over 5,700 fake business transactions were created to claim large amounts of VAT.

Sentenced in 2012: Lee Sellers, Mehmood Khan Nazir, Umar Khan Nazir and Marshall Boston – 10 years 6 months

HMRC

The gang claimed to have sold four million mobile phones worth £1.7 billion. However, in many cases the phones did not exist. In an attempt to make the trade appear legitimate, over 5,700 fake business transactions were created to claim large amounts of VAT.

Sentenced in 2012: Lee Sellers, Mehmood Khan Nazir, Umar Khan Nazir and Marshall Boston – 10 years 6 monthsgang claimed to have sold four million mobile phones worth £1.7 billion. However, in many cases the phones did not exist. In an attempt to make the trade appear legitimate, over 5,700 fake business transactions were created to claim large amounts of VAT.

Sentenced in 2012: Lee Sellers, Mehmood Khan Nazir, Umar Khan Nazir and Marshall Boston – 10 years 6 monthse gang claimed to have sold four million mobile phones worth £1.7 billion. However, in many cases the phones did not exist. In an attempt to make the trade appear legitimate, over 5,700 fake business transactions were created to claim large amounts of VAT.

Sentenced in 2012: Lee Sellers, Mehmood Khan Nazir, Umar Khan Nazir and Marshall Boston – 10 years 6 months

Sentenced in 2012: Lee Sellers, Mehmood Khan Nazir, Umar Khan Nazir and Marshall Boston – 10 years 6 months

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Sentenced in 2012: Kevin Ramon Burrage, Gary Dennis Clarke, Michael Brian Turner and Davinder Singh Dhaliwal – 21 years 3 months

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