London: Two Indian-origin men have been jailed in the UK for their involvement in a global money laundering operation.
The accused named Vijaya Kumar Krishnasamy (32) and Chandrasekar Nallayan (44). They were sentenced to jail for money laundering and fraud offenses around the world, following an investigation by Scotland Yard’s Economic Crime Unit.
Vijaya Kumar Krishnasamy was sentenced to five years and nine months, and Chandrasekar Nallayan to seven years to conceal, disguise, convert, transfer or remove criminal property.
Detective Constable Milena Bingley, from the Metropolitan Police’s Central Specialist Crime – Economic Crime Unit, said that this shameless pair have caused untold distress and worry to their victims. This case shows that those responsible for money laundering will be tracked down and face up to their crimes.
She added that this conviction should be a warning to those who believe they can benefit from money laundering and get away with it.
Mr Bingley furtherly said that this was a complicated case and I would like to thank our partners in the banking sector and the Cyber Defence Alliance for their support and assistance during this investigation.
Digging to the history, she said that the case dates back to 2018, when Croydon Crown Court in south London heard that the police received a report from Barclays Bank that several IP addresses were repeatedly accessing multiple business accounts suspected of being utilized for money laundering.
While briefing to the media, Barclays Bank spokesperson said that we continue to be committed to supporting law enforcement in its efforts to combat criminality and protect customers’ funds and we worked with the Metropolitan Police Service during its investigation and welcome the outcome of the proceedings.