Skip to content 
Search

Latest Stories

Two of five accused continue to face charge in £11 million money laundering trial

A COURT judge has discharged the jury from reaching the verdicts for three of the five accused in a £11-million money laundering trial.

A decision by Judge Robert Brown last week stopped the trial against the trio, all of who denied conspiracy to transfer property illegally between 2011 and 2016.


The judge officially discharged them from reaching any verdicts relating to the three.

The three accused are, Moushaiben Chauhan, 52, of Blaby and Belgrave residents Jignasha Jignasha, 56, and Pancasbhai Deugi, 52, who are no longer involved in the proceedings.

All three, who still reject all allegations raised against them in the case, are expected to face standing trial in the future.

The trio is involved in the on-going Leicester Crown Court trial against businessman Chauhan Yogendrasinh, 55.

Yogendrasinh is the director of the alleged money laundering firm, Rushi Investments, based in Belgrave.

The Blaby resident has denied allegations related to transfer of illegal property between 2011 and 2016.

The prosecution alleges Yogendrasinh was running a professional money laundering business using a sham money transfer operation to process up to £11m of criminal cash.

Yogendrasinh was allegedly responsible for huge sums of unexplained money being regularly sent to foreign lands, based on purported income from non-existent customers and fake invoices to make it appear legal.

The prosecutor has now offered no evidence on the same case against Bhavesh Suclo, 40, of Belgrave.

The duo is still facing a trial on a second charge, of conspiring to convert criminal property, in relation to the purchase of a property.

The duo has also denied the second charge. The defence case for Yogendrasinh and Suclo will proceed next week.

More For You

Bangladesh seeks US deal to shield garment industry from tariffs

Workers are engaged at their sewing stations in a garment factory in Savar, on the outskirts of Dhaka, on April 9, 2025. (Photo by MUNIR UZ ZAMAN/AFP via Getty Images)

Bangladesh seeks US deal to shield garment industry from tariffs

BANGLADESH, the world's second-biggest garment manufacturer, aims to strike a trade deal with the US before Donald Trump's punishing tariffs kick in next week, said the country's top commerce official.

Dhaka is proposing to buy Boeing planes and boost imports of US wheat, cotton and oil in a bid to reduce the trade deficit, which Trump used as the reason for imposing painful levies in his "Liberation Day" announcement.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London.
Getty Images

Bond yields ease following Starmer’s support for Reeves

THE COST of UK government borrowing fell on Thursday, partially reversing the rise seen after Chancellor Rachel Reeves became emotional during Prime Minister’s Questions.

The yield on 10-year government bonds dropped to 4.55 per cent, down from 4.61 per cent the previous day. The pound also recovered slightly to $1.3668 (around £1.00), though it did not regain all its earlier losses.

Keep ReadingShow less
modi-trump-getty
Modi shakes hands with Trump before a meeting at Hyderabad House in New Delhi on February 25, 2020. (Photo: Getty Images)
Getty Images

Indian exporters watch closely as Trump says trade deal with India likely

THE US could reach a trade deal with India that would help American companies compete more easily in the Indian market and reduce tariff rates, President Donald Trump said on Tuesday. However, he cast doubt on a similar deal with Japan.

Speaking to reporters on Air Force One, Trump said he believed India was ready to lower trade barriers, potentially paving the way for an agreement that would avoid the 26 per cent tariff rate he had announced on April 2 and paused until July 9.

Keep ReadingShow less
Kolhapuri sandal sales surge in India post Prada controversy

Customers shop for 'Kolhapuri' sandals, an Indian ethnic footwear, at a store in New Delhi, India, June 27, 2025. REUTERS/Adnan Abidi

Kolhapuri sandal sales surge in India post Prada controversy

INDIAN footwear sellers and artisans are tapping into nationalist pride stoked by the Prada 'sandal scandal' in a bid to boost sales of ethnic slippers with history dating back to the 12th century, raising hopes of reviving a struggling craft.

Sales are surging over the past week for the 'Kolhapuri' sandals that have garnered global attention after Prada sparked a controversy by showcasing similar designs in Milan, without initially crediting the footwear's origins.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London.
Getty Images

Economy grew 0.7 per cent in Q1 2025, fastest in a year

THE UK economy expanded at its fastest pace in a year during the first quarter of 2025, driven by a rise in home purchases ahead of a tax deadline and higher manufacturing output before the introduction of new US import tariffs.

Gross domestic product rose by 0.7 per cent in the January-to-March period, the Office for National Statistics (ONS) said, confirming its earlier estimate. This was the strongest quarterly growth since the first quarter of 2024.

Keep ReadingShow less