A group of criminals based in North London have been sentenced after they conspired to obtain 42 fraudulent loan applications.
According to UK Finance, the fraud led to a UK bank losing around one million pounds.
Married couple Cebrail and Munube Polat, of Enfield North London, schemed with Ezzu Ahmet of Waltham Cross, Hertfordshire, to de-fraud a bank through an unregulated company based in Wood Green called Bee Finance.
Between May 2018 and August 2019 Polat, Polat and Ahmet conspired together to obtain fraudulent bank loans, making applications for the loans using false payslips.
Mr and Mrs Polat were charged with conspiracy to make fraudulent representations along with bank staff Matthew Wood and Lawrence Taylor, both of North London. They face seven and six-year sentences respectively, while Ahmet was given a suspended two-year sentence.
“These criminals thought they could get away with a large-scale fraud operation, stealing approximately one million pounds,” said detective constable Matthew Cornell who investigated the case for the DCPCU. “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.”
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