Four men have been jailed for a total of nine years for fraudulently obtaining mortgages on three properties in Bradford.
Majid Iqbal, Aurangzeb Asghar, Mushtaq Ahmed and Fayaz Ahmed were sentenced on Saturday at Bradford Crown Court, reported the Bradford Telegraph and Argus.
Prosecutor Timothy Capstick claimed that for six years, Iqbal was laundering money through various bank accounts, while mortgages were obtained in the names of Asghar and Mushtaq Ahmed.
Fayaz Ahmed was involved in the financial transactions that took place on the three properties.
Arrests were made in connection with the properties in late 2010 but detectives spent the next 12 months carrying out enquiries to build a case against the men.
Iqbal was sentenced to four-and-a-half years, Asghar and Mushtaq Ahmed received 27 months and 18 months respectively, while Fayaz Ahmed was sentenced to 18 months.
Officers will now seek to confiscate profits made by the group as a result of criminal activity.
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress