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Fraudster who stole from solicitors to fund Bollywood career jailed

A fraudster who stole £20m over ten years and used it to fund a failed Bollywood career has been jailed for five and a half years at Southwark Crown Court.

Dixit Shah masterminded a crime spree targeting UK solicitors and high street banks, according to the City of London Police.

His frauds came to light when the Solicitors Regulatory Authority realised he had stolen £13m from the collective pension funds of a group of solicitor firms.

By the time the theft was discovered Shah had fled to India, leaving the SRA to compensate the firms in one of its biggest payouts ever.

Shah then launched a bid to become a Bollywood film director, pouring millions into several projects.

City of London Police detective superintendent Bob Wishart says: “Unfortunately for him his criminal successes were not mirrored by his forays into the world of Bollywood, where his delusion led him to lose millions. By bringing Shah to justice we have curtailed his career in films, and much more importantly removed a ruthless and calculated fraudster from the streets.”

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