A Nigerian businessman Walter Wagbatsoma, 47, was on Wednesday sentenced to three years and six months imprisonment for money laundering in the United Kingdom.
Wagbatsoma was also disqualified from being a company director for six years.
According to Lincolnshire police, fraudulently obtained funds in the UK were laundered through an account in Dubai under the control of a co-conspirator Oluwatoyin Allison, a UK national who was convicted in his absence at an earlier trial in April 2017 and sentenced to seven years imprisonment.
The funds were then transferred to Wagbatsoma’s account in the UK. Following a trial at Leicester Crown Court a thirteenth defendant has been convicted of conspiracy to launder money in an international fraud and money laundering investigation.
This investigation was conducted by Lincolnshire…
Read More…..PM News
