Indian-Origin Bank Employee Jailed For Money Laundering In UK

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December 18, 2017

An Indian-origin Barclays Bank employee from London has been jailed for over six years for his role in a conspiracy to launder over 2.5 million pounds.  Jinal Pethad used the ‘Dridex’ Trojan malware in the scam, which involved the 29-year-old acting as the “personal bank manager” to money launderers Pavel Gincota and Ion Turcan.

He set up 105 sham bank accounts for them using false identity documents.  Pethad pleaded guilty to conspiring to launder money between 2014 and 2016 at the Old Bailey court here last week and was sentenced to six years and four months in prison.