First Solution Money Transfer Ltd BACK IN BUSINESS
It seems that First Solution Money Transfer Ltd are now back up and running.
Apparently, more then £500,000 has already been paid. I wonder which creditors they were (friends and families, I suspect).
Anyway see the following link for the full story including the relaunch held at the Oldham Millennium Centre.
Money Transfer Company Back in Business
June 24th, 2008 at 2:53 am
Interesting information, thanks admin!
It’s nice to see you’re back. I wonder how First Solution will now operate from now on.
July 4th, 2008 at 12:43 pm
Another interesting article, its from Ferb 2008 though.
Independent Bangladesh Article
July 5th, 2008 at 1:40 am
Interesting but does anybody know what’s happened to Fraud Mahmood now?
July 16th, 2008 at 3:49 am
Admin, did you ever get your money back?
July 16th, 2008 at 5:34 pm
I heard that First Solution has reopened one of the branches in London. Anyone know where?
July 16th, 2008 at 5:36 pm
NO I”M STILL WAITING FOR MY MONEYBACK. NO SIGN OF IT YET THOUGH EVEN THOUGH 500k HAS ALREADY BEEN RETURNED, OR SO I HEARD.
I wasn’t fortunate enough to use one of the 13 branches that took part in the “rescue deal”
July 27th, 2008 at 2:30 am
Hi guys, did anyone see the news about First Solution recently on TV?
August 5th, 2008 at 8:04 am
Car insurance fraud gang sentenced
A group who were involved in a plot to make false car insurance claims were sentenced and ordered to pay compensation costs to AXA insurance at Croydon Crown Court today (4 Aug).
During 2002 and 2003 the nine men and one woman obtained fraudulent insurance for motor vehicles and then submitted, or assisting in submitting, false claims for accidents around London and the subsequent repairs, storage, car hire and personal injury to AXA insurance.
The claims were all against third party motor insurance policies that had been issued over the telephone. The significance of using a third party policy was that in the event of a claim the insured vehicle will not be examined by the insurers, only the vehicle it has allegedly damaged.
On one occasion in March 2003, three of the group were involved in a claim for £6,000 for a BMW. They said the car been written off in an accident, but it was actually sold to a new owner. When contacted by investigators the new owner said there appeared to be nothing wrong with the vehicle.
The case was referred to the City of London Police Fraud Squad in 2004 after investigators for AXA detected a particular pattern of claims via Accident Management Companies.
The ringleader, Wajid Hussain, was an accident claim manager who ran two companies Xclusive and Premier. Hussain played a part in all the insurance claims and both these companies profited from the claims by being paid for storing the ‘damaged’ vehicles. Following the launch of the AXA investigation Hussain issued a death threat to the insurance companies investigator.
The other major player was Mohammed Ferdhaus who worked alongside Hussain to help make the fraudulent claims. Wajid Hussain operated his companies, ‘Xclusive Auto Group’ and more latterly ‘Premier’ from Edgware. Ferdhaus ran his company ‘Prestige Auto Group’ from Walthamstow
DC Malcolm Driscoll from City of London Police said: “The submission of false claims impacts on us all and it is important that we do our utmost to bring responsible parties to justice”
“This has been a long and complex investigation and the help we have had from our colleagues at AXA has been invaluable in bringing it to a successful conclusion.”
Richard Davies, Group Fraud Risk Manager, AXA UK said:
”For far too long insurance fraud has not been recognised as a serious crime with prosecutions difficult to secure. We are now seeing massive increases in detection but we still believe £1.6 billion worth of insurance fraud is committed each year. We are therefore, as an industry, investing heavily in tools and methods to uncover all types of fraud to ensure we protect the vast majority of honest policyholders who become the innocent victims of such crimes.”
The two other members of the gang are due to be sentenced on 11 September.
Those sentenced were:
Wajid Hussain, 38, from Slough, 2 1/2 years imprisonment.
Mohammed Ferdhaus, 35, from Greenford, Middlesex, 18 months imprisonment.
Farid Sekanderzada, 43, from Edgware, Middlesex, nine months suspended sentence.
Lotte Hill, 34, from Castlethorpe, Milton Keynes, nine months suspended sentence.
Mahmood Rana, 43, from Wembley, Middlesex, nine months suspended sentence.
Floyd Golding, 38, Watford, Hertfordshire, 120 hours community punishment order.
Yogaratnam Karunakaran, 41, Ilford, Essex, 120 hours community punishment order.
Jegatheesan Shanmuganathan, 37, of Pinner, Middlesex has already been sentenced. He was fined £2,000 and ordered to pay £9,396.99 compensation.
August 6th, 2008 at 2:48 am
Did anyone hear the news?
CHANNEL S OWNER MAHEE GOT ARRESTED FOR INSURANCE FRAUD!!!
Has anybody got anymore info on this?
August 13th, 2008 at 3:37 am
http://www.cityoflondon.police.uk/CityPolice/Media/News/carfraudgandsentenced.htm