Newspaper article Evening Chronicle (Newcastle, England)

Fraudster 'S Wife Accused of Playing a Part in Crime

Newspaper article Evening Chronicle (Newcastle, England)

Fraudster 'S Wife Accused of Playing a Part in Crime

Article excerpt

Byline: Sonia Sharma Reporter sonia.sharma@trinitymirror.com

THE wife of a jailed financial adviser has appeared at crown court over allegations she allowed her bank account to be used in part of his PS3m fraud.

Alok Dhanda was given a five-year, eight-month prison sentence after he conned 41 of his friends and clients into handing over large sums of cash for a property venture in India.

The 53-year-old promised his victims they would be investing in Bangalore, an area he described as a "Silicon Valley" where things "couldn't go wrong and large returns would be guaranteed". But the dadof-two was secretly spending the cash on his gambling habits, splashing out on a lavish lifestyle of luxury travel and holidays, repaying the mortgages on his properties and paying off his own debts.

He was the subject of a huge investigation in which police raided his business, Dhanda Financial, on Dean Street, Newcastle, and his home in Grove Park Square, Gosforth, after banks alerted the economic crime unit of cash transactions in his accounts. …

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