The head of the UK’s biggest Bangladeshi TV channel has been jailed for his role in a multi-million pound “crash for cash” insurance scam.
Mohammed Ferdhaus, founder of Channel S helped to launder through his company nearly £2 million pounds generated by a team of fraudsters led by his younger brother Mohammed Samsul Haque.
Ferdhaus, 40, was jailed for three years at Southwark Crown Court on Monday after pleading guilty to possessing criminal property.
Haque, along with five other men, has already been sentenced to a total of more than 12 years in prison after the court previously heard more than 120 bogus claims for cars were engineered through his company, Motor Alliance.
Luxury vehicles were intentionally damaged at a garage in north London and insurance claimed in a three-year long campaign which netted the firm more than a million pounds in profits.
The gang rammed the vehicles into each other blocking out the noise with blaring music, before finishing the job with baseball bats with a series of accident management firms were used as a front to hide the activities.
The court heard Ferdhaus, also known as Jay, had a ‘background’ role in the firm and was involved in the scam between July 19, 2006 and October 31, 2008.
During the trial he had received several fulsome references, including one from Lutfur Rahman, the British-Bangladesh mayor of Tower Hamlets borough in East London, who said Ferdhaus was “instrumental” in promoting the Bangladeshi community in the UK.
Lawyers for Ferdhaus had appealed to the judge to show leniency, citing the fact that their client was suffering post traumatic stress disorder after being kidnapped in 2011 and issued with a £250,000 ransom demand.
When he refused to pay his assailants they tortured him, hanging him upside down and pouring boiling water on his head, before threatening to rape his daughter.
He continues to endure psychological difficulties as a result of the ‘horrific’ ordeal in May 2011, shortly after he returned from a pilgrimage to Mecca, the court heard.
However, Judge Anthony said: “You are a highly intelligent man, there is no doubt about that and I have read a lot of good things about you.
“Of course you have suffered post traumatic stress disorder and anxiety and depression but money laundering is a serious offence.”
Ferdhaus was also banned from being a company director for 10 years.
– Image courtesy of Central News agency