• Friday, August 19, 2022

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Indian-origin man among five jailed in UK’s ‘Boiler Room’ scam

Charanjit Sandhu was among five people jailed for a total of nearly 18 years at Southwark Crown Court in London.

By: Keerthi Mohan

An Indian-origin man named Charanjit Sandhu has been sentenced to five and a half years’ imprisonment for being part of a 2.8-million pound investment fraud targeting the elderly in the UK. Sandhu was among five people jailed for a total of nearly 18 years at Southwark Crown Court in London on Tuesday (4) after the UK Financial Conduct Authority’s (FCA) second-largest criminal prosecution ever, dubbed Operation Tidworth, reported news agency Press Trust of India (PTI). The case is described as a ‘boiler room’ scam and it involved defrauding of vulnerable individuals. Boiler rooms are unauthorised brokerages that use high-pressure sales…

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