Businessman Awaits sentencing for laundering half a millions pounds from an insurance scam
26 September 2013
A businessman will be sentenced on Friday 27 September for laundering at least half a million pounds from a crash for cash insurance scam.
Mohammed Mahee Ferdhaus, also known as Jay Ferdhaus, 40, (13/4/73) of Prettigate Farm, Brentwood pleaded guilty on 8 July at Southwark Crown Court to offences under the Proceeds of Crime Act.
He admitted benefiting to the tune of at least £500,000 as a result of a crash for cash motor insurance scam operated by his brother, Mohammed Samsul Haque.
Between 2005 and 2008, at least 124 claims were made by individuals linked to Motor Alliance, a company run by Mohammed Samsul Haque. Haque and five other men were sentenced in October 2011 following an MPS investigation, Operation Scarp.
The total loss to the insurance industry was £1.9 million. Of that sum, £1,170,000 was paid to Motor Alliance, at least £500,000 of which was transferred to Ferdhaus or companies controlled by him.
He is the final man to be jailed under Operation Scarp.