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Fraud & Financial Crime

Chambers’ practitioners are routinely instructed in significant cases involving matters of financial offending - including  fraud, bribery, money laundering and other financial offences. Members act for both the prosecution and defence, including cases involving the S.F.O & F.C.A. We represent individuals, (including directors) as well as Companies who are accused of financial offences. Often, members are instructed prior to charge, and are instructed to advise during the investigation stage. From Tax/VAT/MTIC frauds to bribery, mortgage frauds to insider trading and corruption, Chambers offers experience and expertise to all those who are under investigation in relation to financial offences. 

News

5 September 2019

5KBW shortlisted for Chambers UK 2019 Bar Awards

Chambers are delighted to have been shortlisted for the...

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29 May 2019

Major Carbon Credits Prosecution Fails

Mark Heywood QC has today secured the acquittal of his...

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26 October 2018

Mark Heywood QC awarded Crime Silk of the Year at the Chambers UK Bar Awards

All at 5KBW congratulate our Joint Head of Chambers Mark...

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Recent Cases

  • R v Abubakar Salim & ors [Blackfriars Crown Court] 2019

    Fraud and Money Laundering

    Mr Martin was leading Counsel for Mr Salim. The case centred around the activities of two men who worked at high street banks who assisted another in creating a significant number of sham bank account for the use in a transfer fraud. The legal issues involved the proper application of the definition of “Criminal Property” following cases such as R v GH [2015] UKSC 24 and R v Loizou [2005] 2 Cr App R 37.

  • Operation Banjax [Southwark] 2019

    Fraud

    James Martin, leading Ben Holt, were instructed on behalf of Mr Aslam by Bark & Co Solicitors.

    The case was an MTIC Fraud which was part and parcel of Import Duty Diversion on Beers, Wines and Spirits. According to HMRC the OCG were accountable for significant losses to the UK Exchequer through associated large scale VAT and Excise duty frauds. The group also conducted a substantial money laundering operation in relation to the proceeds of these crimes which was believed to be in excess of £86 million.

    13 different individuals were said to be involved along with a whole host of MTIC and Buffer companies some of which sold on the BWS to end user Cash & Carries who were never investigated.

    The case was split into two trials with Mr Aslam D1 in Trial 2. As the case developed there were significant issues with the evidence and associated disclosure problems which related to material that had been withheld by HMRC and should have been disclosed far in advance of the trial itself. After considerable legal argument in Mr Aslam’s case we were able to restrict the alleged loss to HMRC to less than £7k.

    Ultimately Mr Aslam was convicted but only received a Suspended Sentence Order. ​

  • R v [VD] [Isleworth] 2019

    Fraud involving the sale of a Lucien Freud painting of Francis Bacon

    Phoebe Bragg successfully prosecuted in a fraud involving the Defendant purporting to be in possession of a genuine Lucien Freud painting of Francis Bacon, stolen in the 1980’s from a Berlin Gallery, and offering it for sale. 

  • Operation Major [Guildford] 2019

    Multi handed conspiracy to money launder and commit fraud

    Jonathan Polnay led Ben Holt for the Crown in this seven-handed conspiracy to launder the proceeds of a two-million-pound fraud. Instructed by CPS Specialist Fraud Division.

  • R v Abdi-Jalebi [Southwark] 2018

    Multi-million pound renewable energy research fraud committed by Cambridge academic

    Jonathan Polnay proescuted this Cambridge University academic who carried out a £2.5 million fraud in government grants. Dr. Ehsan Abdi-Jalebi, 38, a former engineering student and Bye-Fellow at the university, used faked documents to siphon off money into his own accounts from funding allocated to the development of renewable energy projects.

    News article here.

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Notable Cases