Gang fakes payslips in £1m bank fraud
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Peninsula Group, HR and Health & Safety Experts
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Peninsula Group, HR and Health & Safety Experts
(Last updated )
A trio from North London responsible for stealing a total of £1m through fraudulent bank loans have been sentenced to 24 years in prison
Cebrail and Munube Polat, from Enfield, conspired to obtain over 40 fraudulent loan applications to defraud a UK bank, leading to a loss of approximately £1m.
The married couple worked with Ezzu Ahmet, from Hertfordshire, through an unregulated mortgage finance company called Bee Finance, where they acted as directors until 15 March 2018.
Between May 2018 and August 2019, the trio collectively obtained fraudulent bank loans, making applications for the loans using fake payslips.
Following an investigation by the dedicated card and payment crime unit (DCPCU) of the Met Police and City of London Police, 42 fraudulent loan applications were discovered to have been secured, leading to a loss of £1m.
During sentencing, the Polats were charged with conspiracy to make fraudulent representations along with bank staff Matthew Wood and Lawrence Taylor, both from North London.
The gang were sentenced on 27 July 2023 with the married couple receiving seven and six-year sentences, while Ahmet was given a suspended two-year sentence.
Detective constable Matthew Cornell, who investigated the case for the DCPCU, said: ‘These criminals thought they could get away with a large-scale fraud operation, stealing approximately £1m. Fortunately, we were able to identify these individuals and put a stop to their criminal activity, after working closely with the banking and finance industry.
‘This sentencing will warn anyone who believes they can benefit financially from committing fraud, showing that they will be caught and brought to justice.’
If you have questions about wages and payslips, visit BrAInbox today where you can find answers to questions like Can I pay employees in cash?
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