Two Leicester-based businessmen of Indian origin in the UK are facing money-laundering charges, after the duo transferred 4.6 million pounds in cash to India and Dubai.
The accused Harish Patel (55) and Ravindra Patel (50) have, however, denied the charges against them.
The Leicester Crown Court, which is hearing the case, was on Monday shown CCTV footage of Ravindra taking the money into a local branch of the Bank of Baroda in a suitcase on wheels and with a rucksack stuffed with cash on his back.
Harish allegedly used his legitimate family-run electrical company as a front for transferring the money to India and Dubai, reports from Leicester said.
Luke Blackburn, prosecuting lawyer, said together “they acted as money launderers over the course of five months, involving millions of pounds.”
Detailed news link: here
