Sandeep Singh Gill, 43, from Buckinghamshire was jailed for six years in June 2016 following a HM Revenue and Customs (HMRC) investigation regarding the allegation of money laundering from of an online banking service used by criminals. It is now said that Gill must pay back £1,0178,085 within three months or else he could spend another seven years behind bars and still owe the money.
Gill was also accused of laundering criminal cash through a number of bank accounts in Portugal, Cape Verde Islands, Jersey, Cyprus and in his Swiss bank accounts. He was convicted of two counts of transferring criminal property amounting to £621,151 in May 2016 in Isleworth Crown Court. And on 19th March 2018, a confiscation hearing concluded Gill benefited by over £6.3 million from criminal conduct, however his current realisable assets, including property, are just over £1 million/ HMRC will be able to pursue any future wealth.
Assistant Director at the Fraud Investigation Service, HMRC, Nicol Sheppard said, “Our work doesn't stop when a criminal is jailed. No matter how complex a money laundering investigation is or how many different bank accounts are used, we will stop criminals profiting from their crimes and recover the money to fund public services. Gill is already serving a six-year prison sentence. If he doesn't pay back what he owes, he will spend even more time behind bars – and still owe the money.”
