It seems like the business tycoon, Ketan Somaia (54), may end up spending his last days in prison due to a kidney disease. He has dialysis three times a week.
Somaia was jailed in July 2014, for masterminding scams on investors. It is said that he had allegedly defrauded investors by pursuing them with luxury trips on private jets, as well as champagne parties.
He had allegedly taken his victims to all-expenses-paid trips to South Africa, Dubai and Kenya, as well as boasted about having connections with the elite Hinduja brothers.
Somaia was convicted of nine counts of fraud at the Old Bailey, where he was sentenced to 8 years imprisonment. He was also ordered to repay his victim and taxpayer £38.6 million.
This proved to be Britain's biggest private prosecution which was pursued on behalf of entrepreneur Murli Mirchandani, who was the prime victim in the scam.
Defence barrister, James Woods QC said that Somaia has only 20% survival chances in the next five months due to his heart and kidney ailments. He said, “His life expectancy is short and he is already serving an eight year sentence. When it was imposed there was a mere modicum of possibility he would be alive to the end of the sentence and be released.”
Dilip Shah was also one of Somaia's victims.
