Money bureau boss jailed for laundering over £100m


Leave a Comment
Thillianathan Kumarathas of Eastcote Lane, Harrow, Middlesex, was the owner of the bureaux de change

Thillianathan Kumarathas of Eastcote Lane, Harrow, Middlesex, was the owner of the bureaux de change

A bureaux de change owner and two of his employees have been jailed for laundering over £100 million of criminal cash through his business.

Thillianathan Kumarathas, 58, and Ramanathan Thayaparan, 42, recruited mutual friend, Dinesh Kumar Anandan, 34, to help launder dirty money through Kumarathas’s two bureaux in Victoria, London.

The men would receive the “dirty” money from criminal gangs, who mixed with unsuspecting tourists when they brought bags of cash to the bureaux de change. The money was exchanged for €500 notes which could be easily concealed.

The defendants took a percentage of the cash and used their illegal profit to buy several properties in the UK, France and India, and paid for private schooling for their children.

David Margree, Assistant Director, HM Revenue and Customs (HMRC) said: “This was a calculated attempt to make a dishonest living and help organised criminals go undetected by exchanging the money they got from criminal activity.

Dinesh Kumar Anandan of Pentland Close, Edmonton, London, worked as a bureau de change manager

Dinesh Kumar Anandan of Pentland Close, Edmonton, London, worked as a bureau de change manager

These sentences send out a very clear message that money laundering is a serious crime and will not be tolerated.”

Assets restrained and subject to confiscation action include: vehicles, restaurants, supermarkets, cash and funds held in bank accounts, business and residential properties.

Around £84,000 in cash was seized during searches of business and residential premises.

Thillianathan Kumarathas from Harrow, Middlesex, is the owner of the business and was  sentenced to nine years in prison.

Ramanathan Thayaparan also from Harrow, Middlesex, was sentenced to five years in prison and Dinesh Kumar Anandan from Edmonton, London, was sentenced to two years in prison.

Ramanathan Thayaparan of Eastcote Lane, Harrow, Middlesex, worked as a money laundering reporting officer at Premier Exchange Ltd

Ramanathan Thayaparan of Eastcote Lane, Harrow, Middlesex, worked as a money laundering reporting officer at Premier Exchange Ltd

Share

Leave a Comment

wpDiscuz