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Fraudster sentenced to eight years now on the run from London police

An Essex man sentenced to eight years behind bars last month over a £2.4m carbon credit scheme fraud is on the run, City of London police confirm.

Sami Raja of Grays mis-sold carbon credits to 130 victims in 2012 and 2013 and was found guilty of six counts of conspiracy to defraud and money laundering.

Four others involved were sentenced to a total of 29 years imprisonment last September.

Money Marketing has learned that Raja was tried in absence at Southwark Crown Court and is believed to be in the United Arab Emirates running a consultancy firm.

City of London Police say: “Sami Raja is currently wanted [and] we believe he is in Dubai. Anyone one with information about Raja’s whereabouts should contact 101.”

Raja is believed to have relocated to Dubai where he is looking to expand his firm, Sami Raja Consultancy.

A press release issued by the consultancy to PR Newswire on 5 February says the firm specialises in “assisting investors to set up and expand their businesses in the UAE and the UK.”

In the same release, Raja says: “Sami Raja Consultancy was born out of the desire to utilize my wealth of experience and contacts in the UAE to create opportunities for other entrepreneurs in the region.

Eight years behind bars for £2.4m carbon credit scheme fraudster

“I want to act more like an influencer for the companies there and help them tap into the use of disruptive technologies for everything from strategic brand positioning to everyday operations.”

City of London Police tell Money Marketing that Raja is wanted in the UK immediately.

He was first arrested in 2013 at the address of broker Kendrick Zale Ltd, which was found to have sold around 300,000 carbon credit unites to 28 investors totalling £900,000.

Companies House records show Raja is banned from working as a company director in the UK until March 2031.

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