Search

Doctor who ran loan shark business at Northwick Park and Central Middlesex Hospitals is spared jail

PUBLISHED: 18:51 18 October 2016 | UPDATED: 18:57 18 October 2016

Dr Arjan Damjibhai Savani

Dr Arjan Damjibhai Savani

Archant

A consultant who acted as a loan shark to low-paid colleagues at Central Middlesex and Northwick Park Hospitals has been spared jail.

Dr Arjan Damjibhai Savani, 49, leant more than £1million to predominately Filipino workers in a ‘well organised and profitable’ racket since 2011.

Harrow Crown Court heard he deliberately preyed on the workers knowing they could not afford the repayments and he was aware that they believed being in debt was ‘shameful’.

He was arrested by police who raided his home in St Paul’s Avenue in Kenton, alongside officers from the Illegal Money Lending Team (IMLT), in December last year.

Officers uncovered loan records which showed he had received payments totalling more than £880,700 and he had issued 270 loans ranging from £500 to £50,000 to more than 90 people.

During an interview with IMLT officers, Dr Savani admitted he knew he was acting illegally but believed it would take too long to obtain a licence which would have reduced the amount of interest he could charge.

The court heard he also failed to not declare any of his loan shark income to HMRC, making more than £280,300 in interest.

Today he was sentenced to two years in jail suspended for 10 months and was ordered to complete 120 hours of unpaid work in the next 12 months

He had admitted two counts of illegal money lending at an earlier hearing last month.

Tony Quigley, head of IMLT said: “Today we have freed another local community of a loan shark. IMLT will continue to crack down on illegal money lending and will bring those who break the law to justice.

“We remind the general public that loan sharks are only motivated by greed and should never be used.”

Latest Kilburn & Brent News Stories

It was a victorious evening for campaigners in Harlesden as plans to build a block of flats on a tiny strip of land got rejected by planning chiefs.

Yesterday, 17:26

Keeping young people safe is the idea behind a fundraising campaign to keep a community hub in Queen’s Park open seven days a week.

Yesterday, 16:43

Aspiring actors and film lovers are invited to question TV star Samuel West at a question and answer session in Kensal Rise.

Yesterday, 16:04

A murder suspect who stabbed a record label boss to death with a Swiss army knife told a court it was “pure chance” he pulled out a blade and not a corkscrew.

Yesterday, 11:10

Two friends put their baking skills together to raise more than £300 for a cancer charity.

Yesterday, 10:11

A community library in Kensal Rise has received a £75,000 boost which is bringing it closer to opening after seven years of campaigning.

Yesterday, 08:37

Objectors have until the end of today to make their voices heard against a proposed development to create a freight ‘super hub’ in Cricklewood.

Yesterday, 06:58

A community hub has opened in Kingsbury where people can eat, knit or simply hang out and chat.

PROMOTED CONTENT

If you have been looking for laser hair removal, beauty salon treatments, or skin care services you may be confused and overwhelmed with so much information out there and so many clinics and salons promising miraculous results.

Louise McGowan, who started as headmistress of Convent of Jesus and Mary Language College in September, speaks to education editor James Scott about life at the school.

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now

Newsletter Sign Up

Sign up to receive our regular email newsletter

Most Read Kilburn News

Show Job Lists

Digital Edition

cover

Enjoy the
Brent & Kilburn Times
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now