View more on these topics

Two men jailed for mortgage fraud

Two Slough men have been jailed for a total of twelve and a half years after being found guilty of multiple mortgage frauds.

Tahir Malik, aged 44, from Wexham Road, and Patrick Kamande, aged 34, from Trent Road, were sentenced to six and a half years and six years respectively at Reading Crown Court on April 13.

Mary Kimani, aged 30, from Elliman Avenue, Slough received a 10 month sentence which was suspended for 18 months in relation to one joint offence only.

Malik was a mortgage broker and ran a business in Farnham Road, Slough, called Enterprise Mortgage Solutions.

He pleaded guilty to obtaining services by deception in 2004 and two counts of fraud relating to personal house purchases in 2007 and 2008.

He also admitted three offences of obtaining a money transfer by deception and five of fraud which also involved Kamande and one which also involved Kimani between 2005 and 2009.

These offences concerned the purchase by Kamande of properties on mortgages brokered by Malik.

Two of these were made under a false name and were later sold to Kamande and his wife Kimani. Another three fraud offences involved the attempted purchases using other false names.

Kamande and Kimani were found guilty on February 15 of all the offences.

Thames Valley Police Economic Crime Unit Det Sgt Nick Bell says: “This was a complex mortgage fraud case involving numerous mortgages and false identities. Det Con Pete Nicholson did a fantastic job carrying out a thorough investigation. We are very pleased with the substantial sentences given to Malik and Kamande.”


BoE: Inflation to rise higher than projections

Inflation is likely to exceed projections made in the Bank of England’s most recent inflation report, the latest minutes from the Monetary Policy Committee has revealed. The fall in consumer price index inflation to 3.4 per cent in February had been welcomed by the MPC, but was less than expected. The Monetary Policy Committee believes […]

£54bn deficit for council pension schemes

Council pension schemes have a combined deficit of £54bn despite £1 in every £5 of council tax being spent on employer contributions, according to the TaxPayers’ Alliance. A new report from the right-leaning thinktank says the £54bn deficit in 2010/11 was down by 41 per cent from £91bn in 2009/10 but is up on the […]

Guide front cover - thumbnail

Guide: how to… audit your auto-enrolment scheme compliance

As the Pensions Regulator starts to bare its teeth and the changes mentioned in the Budget and Queen’s Speech start to come into force, it is essential that you understand your scheme and the processes you need to undertake to ensure it remains compliant. Our second re-enrolment guide looks at how to audit the key areas of your auto-enrolment scheme.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm