Mar.13, 2010

Eight Serbians from the same extended family have appeared in court accused of money laundering and mortgage fraud of hundreds of thousands of pounds.

The figures involved in the intricate web of fraud, which spanned four years, involve a total of more than £850,000.

They charges related to two clothes recycling businesses run by the family – Global Recycling Ltd in Corby and Northants TextileADVERTISEMENT

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Bisera Mujic, 44 of Iona Road. Corby, is accused of dishonestly obtaining a mortgage worth £85,000 and two counts of laundering £21,000.

Galib Mujic, 25, of Chestnut Avenue, Corby, is accused of dishonestly obtaining an Abbey National mortgage of £77,200, and of two money laundering charges of converting and concealing £9,202.

Mirsad Mujic, 25, of Towle Road, Leicester, is accused of making false representations to gain mortgages of £68,000, £111,000, and £74,000. He is also accused of four counts of laundering £12,000 and two counts of laundering £20,000.

Muhamed Mujic, 27, of Chestnut Avenue, Corby, is accused of dishonestly obtaining a £74,974 mortgage and of two money-laundering charges of £15,200.

Sead Mujic, 28, of Lundy Avenue, Corby, is accused of concealing £24,900.

Senad Mujic, 28, of Towle Road, Leicester, is accused of concealing £21,295.

Zajm Mujic, 22, of Ennerdale Road, Corby, is charged with two counts of money laundering for sums of £18,300 and of dishonestly obtaining a mortgage worth £103,700.

The defendants are all also charged with possession of the proceeds of crime.

They made their first appearance at Corby Magistrates' Court yesterday after a long-running police investigation.

The court was told that the group all belong to the same extended family and were all involved in the two companies which recycle clothes for charity.

Magistrates heard that the defendants had allegedly made false declarations about their incomes in order to obtain mortgages on three properties in Corby.

They were also said to have laundered money obtained in connection with their two businesses, and that deposits they paid on the properties were the proceeds of criminal activity.

They were told the complexity of their case means it will be sent to crown court.

None of the men, represented by a solicitor and a barrister and speaking through an interpreter, entered a plea. They were all bailed to appear at the same court in May.