R -v- TC & Others Operation Aquamarine Southwark Crown Court

Posted in Notable Cases on December 13, 2016

Ashmans Solicitors successfully secure acquittal in a high profile fraud case

The Defendant was charged with conspiracy to defraud Barclays Private Client International Bank by obtaining mortgage loans to which the Crown allege they were not entitled to. This was a historical high value mortgage fraud dating back to January 2006. The approximate value of the fraud which the Crown alleged was approximately £40 million dealing with a number of high value properties.

The Defendant was one of 12 individuals charged with the said offence. The Prosecution case was that the mortgages applied for were obtained by providing false information to the Bank which the Defendants knew to be false. This was a highly organised conspiracy in which each Defendant is alleged to have played their part. It involved purchases using an off-shore company registered in the Isle of Man or the British Virgin Islands as the purchasing entity. The Defendants involved in the case were predominantly professionals who were either introducer/agents in the property business, property dealers, chartered surveyors, mortgage brokers, bank manager and two solicitors. Following a three month trial our client was acquitted unanimously by the Jury. The case was voluminous in its nature involving in excess of 20,000 pages of served material. This case involved issues with handwriting evidence, professional property and professional ethics experts.

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