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Bangladeshi TV boss jailed

Tuesday, 18 February 2014


The founder of a television station for Britain’s Bangladeshi community has been jailed for three years over a crash-for-cash insurance scam.
Mohammed Ferdhaus, 40, admitted to laundering half a million pounds from a scam operated by his brother, Mohammed Samsul Haque, says a BBC report. Ferdhaus, from Brentwood, Essex, founded satellite station Channel S in 2004.
Between 2005 and 2008, at least 124 claims linked to Motor Alliance, a firm run by Haque, brought Ferdhaus £500,000 profit, Southwark Crown Court heard.
Ferdhaus pleaded guilty to money laundering when he appeared before the court in July, says the BBC report.
Haque and five other men were jailed in October 2011 for the scam, which was thought to cost the insurance industry £1.9m.
Of that sum, £1.17m was paid to Motor Alliance and at least £500,000 was transferred to Ferdhaus or companies controlled by him, says the BBC report.