Search

Jailed: Plaistow mechanic for role in £5m money laundering scam

PUBLISHED: 14:10 04 April 2018 | UPDATED: 09:08 05 April 2018

Gurdeep Singh Haire. Picture: HMRC

Gurdeep Singh Haire. Picture: HMRC

HMRC

A Plaistow car mechanic who set up fake firms as a front for a £5.3 million money laundering scam has been jailed for six years.

Haire on a bank's surveillance camera. Picture: HMRCHaire on a bank's surveillance camera. Picture: HMRC

Gurdeep Haire, 29, funnelled funds through two companies he ran from the bedroom of his terrace home in Brock Road.

Blackfriars Crown Court heard the cash probably came from criminals and that Haire was paid £20,000 for his part in moving the money abroad.

Sentencing, Judge John Hillen said: “It was carefully planned by you and others who must have been involved and who you are yet to identify.

“In the modern globalised financial world, money laundering offences will be punished severely to deter criminals acting in the way you did.”

Gurdeep Singh Haire. Picture: HMRCGurdeep Singh Haire. Picture: HMRC

Haire was caught on security camera paying more than £100,000 into a busy high street bank.

Investigations by taxman HM Revenue and Customs (HMRC) revealed this deposit was one of many, with Haire sending millions to overseas bank accounts in the Cayman Islands, Dubai, Hong Kong, China and Poland.

He was arrested on suspicion of evading VAT, cheating the public revenue and money laundering.

When searching his bedroom, investigators found his businesses had never traded and their only purpose was stashing away illegal funds.

Haire on a bank's surveillance camera. Picture: HMRCHaire on a bank's surveillance camera. Picture: HMRC

Haire offered no explanation for where the money came from and answered “no comment” to all questions when interviewed under arrest at Forest Gate police station in December 2014. He tried the same approach in another interview seven months later.

He denied three separate charges of money laundering at his early appearances in court but changed his plea to guilty two months before the trial.

Haire was sentenced yesterday to six years in jail on each count, to be served concurrently, and banned from being a company director for nine years.

Haire thought that by setting up fake businesses and funnelling cash through his bank accounts he would somehow stay under HMRC’s radar,” said Richard Mayer, assistant director of the tax body’s financial investigation service.

“He was wrong and it was foolish of him to believe he could get away with committing a large fraud.”

To report tax fraud, call the HMRC hotline on 0800 788 887.

Latest Newham Stories

42 minutes ago

Reducing reliance on traditional industry, building 43,000 homes, creating up to 60,000 jobs and making Newham greener are among the priorities for Newham’s new Local Plan.

Forest Gate
Yesterday, 19:00

With less than a fortnight to go before the big day, donations are mounting for the appeal.

Forest Gate
Yesterday, 17:00

Local paper journalists may not get to review West End musicals or critique Michelin star restaurants – but they do get to enjoy the festive spectacle that is the local pantomime.

France
Yesterday, 17:00

Wapping head into the Christmas break five points clear at the top of the East Premier A table after a 1-0 win over nearest rivals Harleston Magpies at Lee Valley Hockey & Tennis Centre.

Valley Hockey & Tennis Centre
Yesterday, 15:57

Newham Council shook up its Christmas lunch service this month to help elderly residents beat the winter blues.

Stephen Timms
Yesterday, 15:00

St Bonaventure’s year 10 handball team bagged the top prize at the borough’s Handball Cup competition.

Newham
Yesterday, 14:03

Longer weekday late evening trains are being put on the Fenchurch Street network through east London and Essex to help Christmas shoppers and partygoers get back home.

barking
Yesterday, 13:00

The former Stevenage midfielder is slowly building up his fitness after a difficult summer on the sidelines

Charlie Lee

PROMOTED CONTENT

Have you spent time as an unpaid carer? If you are over the age of 25 and living in Newham, the Working for Carers scheme can help you take the first steps back to employment.

Hanson Fernandes’ journey began in 2015 when he arrived in London from Goa, India.

Newsletter Sign Up

Newham Recorder twice-weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

Most read news

Hot Jobs

Show Job Lists

Education Promo

Digital Edition

cover

Enjoy the
Newham Recorder
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now