Birmingham Man Jailed for Laundering £5.3m through Properties
A Birmingham man has been jailed for laundering £5.3 million through dozens of properties after a major investigation.
It included analysing over 100 bank accounts
Gurmeet Handa, 52, was behind a complex fraud involving dozens of properties. His crimes were exposed after West Midlands Police seized £30,000 in cash from an address in Alum Rock in 2016.
The discovery triggered a two-and-a-half-year investigation by the Regional Economic Crime Unit, West Midlands Regional Organised Crime Unit, and HMRC. Officers found that Handa had purchased around 30 properties despite declaring little or no income to HMRC.
- He used funds moved through numerous bank accounts, including some held overseas.
- Investigators later confirmed he had laundered more than £5.3 million before being charged.
After pleading guilty to money laundering, Handa appeared at Birmingham Crown Court.
Author's summary: Birmingham man jailed for laundering millions.
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