Full Breakdown
Man Sentenced to Eight Years for £266 million Money-Laundering Scheme
By Drooid · · How we work
Sentencing of Samir Jagirdar
Samir Jagirdar, 58, was sentenced to eight years’ imprisonment at Leeds Crown Court after pleading guilty to laundering cash between 2012 and 2016. The court also imposed a ban on him serving as a company director. Jagirdar’s London-based firm, Pure Nines, was used as a front to move the illicit proceeds.
How the Scheme Operated
Jagirdar’s firm received cash from Fowler Oldfield in Bradford and transferred it to purchase gold grain. The gold was exported to Dubai using fabricated invoices, allowing the criminal cash to be converted into legitimate-appearing assets. The total amount laundered through the operation was reported as £266 million.
Investigation by West Yorkshire Police
West Yorkshire Police described the probe as the largest investigation into criminal-cash laundering in UK legal history. Police began examining Oldfield’s activities in 2016 after a security company flagged a dramatic rise in daily cash collections at his premises. The investigation uncovered the link between the cash, Pure Nines, and the fraudulent gold-export scheme.
Wider Legal Outcomes
Jagirdar is the seventh defendant sentenced in connection with the fraud. Earlier, four men received custodial sentences in March 2025, and two additional individuals were sentenced in August 2025. All convictions stem from the same laundering network uncovered by the West Yorkshire investigation.
Significance of the Case
The case highlights the use of seemingly legitimate scrap-jewellery businesses to disguise large-scale illicit funds. By targeting the corporate façade and the export of gold grain, authorities demonstrated a method for disrupting complex money-laundering operations that span multiple jurisdictions. The sentencing underscores the courts’ willingness to impose substantial custodial terms and director bans on those who facilitate such schemes.