Banker of Indian origin with three fraudsters imprisoned in the UK
LONDON: A Banker From India Has Been Imprisoned One Of The Three Cones For Cheating Older Bank Customers Over £ 390,000 And Laundering Money Through Multiple Fake UK Bank Accounts.
Taminder Virdi, 33, Was Found Guilty Of Fraud After A Six Weeks Trial Blackfriars Crown Court In London And Was Sentenced Last Week To Three Years And Six Months Behind Bars.
His Co-worker, Abubakar Salim, 36, Was Jailed For Four Years. The Duo, Who Both Worked At The Same TSB Branch In Stoke Newington In 2014, Transferred Funds From Customer Accounts Into 65 Fraudulent Beneficiary Accounts They Had Opened.
These Accounts Were Controlled By Accountant Babar Hussain, 40, Who Had Pleaded Guilty To All The Offenses Before The Start Of Trial And Was Jailed Last Friday For Five Years And Four Months.
" Hussain Is A Professional Money Launderer Who Used His Accounting Knowledge To Steal Hundreds Of Thousands Of Pounds From Older Banking Customers," Said Mike Hulett, Head Of Activities National Crime Agency 's National Cyber Crime Unit , Which Led The Investigations.
" He Was Aided By Two Corrupt Bank Workers Who Abused Their Positions Of Trust, Using False Documents To Set Up Bank Accounts To Launder The Hard-earned Savings Or Their Unsuspecting Victims," he Said.
Officers From The UK's NCA Were Alerted To Their Activity When One Of The Eight Victims, All Of Whom Were In Their 70s, Reported That 56,000 Pounds Had Been Transferred From Their Bank Account Without Consent. That Money Was Then Deposited Into Seven Beneficiary Accounts Opened In Different Names.
Hulett Said: “As Soon As The First Victim Reported Theft We Used Our Cyber Capabilities Specialist To Follow The Money And Established The Real World Identities Of These Criminals.
" We Are Committed To Working With Partners To Target Professional Enablers Involved In Cyber Crime."
Hussain Was Arrested In July 2016 And Officers Recovered A Number Of Fraudulently Obtained Genuine Driving Licenses, Which Virdi And Salim Used Along With Fake Gas And Electric Bills To Open Up The Beneficiary Accounts.
When He Was Interviewed, Hussain Claimed That Part Of His Work Involved In Opening And Managing Bank Accounts For Those Just Arriving In The UK With No Fixed Address.
Messages Stored On Hussain's Mobile Phone Identified Other Victims Of Fraud, Where Virdi And Salim Abused Their Position Within The Bank To Access Their Accounts And Transfer Money Into Beneficiary Accounts.
Virdi Was Arrested In November 2016 And Salim In May 2017. At The Time Of Virdi's Judgment, He Had Left TSB Having Resigned Following An Internal Investigation Into His Fraudulent Activities And Was Working For Santander Bank.
NCA Investigations Found That Virdi Continued Offending Whist Employed At Santander. He Was Immediately Suspended Following His Judgment And Santander Went On To Support The NCA's Investigation.
Salim Was Also Subject To An Internal Investigation At TSB And Dismissed. Following The Internal Investigations, TSB Formally Reported The Incidents To The Police.
All Three Accused Were Accused Of Fraud Due To Abuse Of Position And Money Laundering , With The Case Ending This Week In Their Condemnation. All Customers Who Lost Money In The Hands Of The Fraudsters Have Been Fully Reimbursed By The Banks.