London Director Sentenced to Seven Years for £266m Bradford Money-Laundering Scheme
Samir Jagirdar, director of Pure Nines, was jailed for seven years for facilitating a £266 million money-laundering operation that moved cash through Bradford jeweller Fowler Oldfield and shipped gold to Dubai.
A Leeds Crown Court jury sentenced Samir Jagirdar, 58, to seven years in prison and prohibited him from serving as a company director after he admitted laundering £266 million through his firm Pure Nines. The London-based company acted as a conduit for cash delivered to Bradford jeweller Fowler Oldfield, which then purchased high-purity gold and exported it to Dubai using fabricated shipping documents. The operation, spanning 2012-2016, linked Jagirdar and his brother-in-law Baqa Haider to fake invoices and trips to Dubai.
Earlier convictions have already handed lengthy sentences to Fowler Oldfield directors Daniel Rawson, Gregory Frankel, Haroon Rashid and Arjun Babber, while Haider and staff member Nathan Rivers were recently sentenced. Police raids recovered over £4 million in cash and gold, though most bars were silver plated to appear as gold. The case, described as one of the largest UK money-laundering investigations, also triggered a massive fine against NatWest for regulatory breaches.
Why it matters
The case highlights the scale of sophisticated cash-based fraud and the UK’s commitment to tackling large-scale financial crime.
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