SRA v Kamran Malik
Summary: The Respondent was convicted of multiple counts of conspiracy to conceal/disguise/convert/transfer/remove criminal property in a ‘well-planned and systematic multi-million pound fraud against a number of financial institutions’ which the Respondent carried out with another person.
The total sum generated by the fraud was £1,736,000. On 6 February 2014 the Respondent was sentenced to a period of five years’ imprisonment in respect of all of these offences.
Sanction: The Tribunal found each of the allegations against the Respondent to have been proved beyond reasonable doubt and the Respondent had been sentenced to a considerable period of imprisonment for very serious offences of dishonesty.
The Respondent’s conduct had done significant damage both to public confidence in the profession and its reputation, as had the very fact of the convictions.
The Respondent was struck off the Roll of Solicitors and ordered to pay costs of £2,752.
Read the full decision (PDF) = http://bit.ly/1CIlKGv
Decision number: 11255-2014 – Decision date: 29 September 2014
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Birmingham solicitor struck off over £5.2 million mortgage fraud
Struck off Birmingham solicitor Kamran Malik – A crooked Birmingham solicitor jailed for five years over a multi-million pound mortgage fraud has been struck off.
Kamran Malik, formerly of AKZ Solicitors in Alum Rock, was jailed for five years earlier this year for money laundering, four counts of mortgage fraud, and perverting the course of justice.
A police investigation was launched after a number of banks raised the alarm over bogus lease agreements used to swindle them out of a total of £5.2 million in 2008.
A total of four men were jailed for fraud offences.
Now Malik, 35, of Hancock Road, Alum Rock, has been struck off by the Solicitors Disciplinary Tribunal.
In a case brought by the Solicitors Regulation Authority, the tribunal found his convictions meant he had failed to uphold the rule of law and the proper administration of justice.
Malik was also judged to have failed to act with integrity and behave in a way that maintained the trust the public placed in him and in the provision of legal services.
He was also ordered to pay £2,752 costs.
The decision was welcomed by the SRA’s director of legal and enforcement, Gordon Ramsay.
He said: “Mr Malik used his position as a solicitor to engage in criminal activity.
“Solicitors hold positions of trust and have a duty to uphold the rule of law.
“Mr Malik’s offences show he abused that position of trust, so the tribunal’s decision is entirely appropriate.”
Malik was given 21 days to appeal against the judgement.
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