Abid Hussain is a Kilburn conman who had defrauded a property company and a mortgage lender of more than £1.25m and bought gold bullions with that money has been jailed. Hussain was sentenced to five years and nine months imprisonment at Southwark Crown Court on August 18 following an investigation by the Met’s Fraud and Linked Crime Online (FALCON) Unit.
Hussain had contacted the police in May 2016 stating that he had been a victim of fraud and reported that a property he had owned in North Acton had been sold without his knowledge or permission. Officers had soon established that Hussain had himself already sold the house through a legitimate process. By reporting the transactions as fraudulent, he aimed to make them void, leaving the property company and mortgage lender out of pocket. Using the fraudulent money Hussain then went on to spend £438,000 on 15kg of gold bullion. Hussain has denied any involvement with both charges even though CCTV enquiries revealed that he had bought the bullion then travelled to Pakistan.
Enquiries to establish what happened to the bullion are ongoing.
