49-year-old Dr Arjan Damjibhai Savani have to repay £525,000 towards the proceeds of illegally lending money or face a non-remittal sentence of five years in prison, the Harrow Crown Court said following a hearing on March 17. The court heard that he had deliberately targeted his victims, fully aware that they would be not be able to pay-back the debts.
He had been handed a ten-month prison term and suspended for two years last October in a separate court hearing after admitting to two counts of illegal money lending exceeding £1 million, to Filipino workers in a ‘well-organised and profitable’ racket since 2011.
In an earlier arrest, police officers, working with the council’s Trading Standards Department and the England Illegal Money Lending Team found load records showing he received payments around £500,000 when they searched his home in Kenton's St Paul’s Avenue in December 2015.