Search

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

18:51 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

A teenager has been jailed for rape and attempted murder after stabbing a 15-year-old girl and forcing her to have sex with him in Hampstead Cemetery.

Friday, February 24, 2017

Four fire engines and around 20 firefighters battled the blaze in Harrow Road last night after seven people escaped without injury.

Friday, February 24, 2017

British Transport Police were called to the Tube station shortly after 7am this morning before the woman was taken to hospital.

Thursday, February 23, 2017

The sausage dog, named Bob, was born completely deaf but is now on the lookout for his pawfect home thanks to The Mayhew.

Thursday, February 23, 2017

Police and the London Fire Brigade were called shortly before 1pm after 60mph winds blew off a section of roofing which fell outside Costa Coffee.

Thursday, February 23, 2017

Ingrid Schultz, 65, travelled abroad, dined out at restaurants and splashed out on shopping sprees after pocketing £10,000 over five years.

Thursday, February 23, 2017

Jurors failed to reach verdicts last week on charges of rape and sexual assault regarding an incident at York University in June 2014.

Thursday, February 23, 2017

Jason De Sousa, 21, was arrested yesterday and will appear at Hendon Magistrates Court today while a 20-year-old has been bailed until March.

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

HOT JOBS

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