Heywood QC and Mahmood from No5 prosecute Operation Ply case
Mark Heywood QC and Saleema Mahmood from No5 Chambers have prosecuted an Operation Ply mortgage fraud case for Central Fraud Group.
Solicitor Kamran Malik, from Alum Rock, was sentenced to four years in jail for fraud offences for conning bank lenders into loaning money for over-inflated property.
However, he had an extra year added to his sentence last week after being found guilty of conspiring to pervert the course of justice. The court heard that Malik coerced a witness into signing a false statement in an attempt to clear himself of the fraud charges.
The original investigation began in 2008, after a number of banks reported fraudulent lease agreements, which had conned them out of a total of £5.2m.
Malik was one of four men charged. Olubunmi Olalekan, 42, of Yardley was also charged with perverting the course of justice, and Umar Hussain, 25, of Small Heath and Iftab Hussain of Alum Rock both admitted furnishing false information and becoming concerned in money laundering.
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No5’s Richard Gibbs co-presents the opposing arguments surrounding the manner in which the youth courts treat juveniles convicted of criminal offences.
The banks’ independent reviewers are now considering consequential loss claims. The FCA expects that process to be concluded by the end of 2014.