Brothers plead guilty to Mortgage fraud

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Mohammed Wasi Sheikh and Mohammed Zaki Sheikh to be sentenced in February

TWO brothers who obtained a number of mortgages through deception have pleaded guilty in court.

Mohammed Wasi Sheikh, 45, and his brother Mohammed Zaki Sheikh, 47, both from Luton, entered guilty pleas at Luton Crown Court.

The deception was carried out on four properties between 2003 and 2007.

A mortgage broker who was behind the scam pleaded guilty to his part on an earlier occasion and all three men will be sentenced next month.

The investigation was carried out jointly by Bedfordshire Police’s Economic Crime Unit and Luton Borough Council.

Sheikh pleaded guilty to obtaining three mortgages between 2003 and 2007 by deception totalling £370,000, while his brother, Zaki, admitted providing false information about his employment to obtain a £199,000 mortgage on his home in January 2004.

Sheikh also pleaded guilty to four charges of claiming housing and council tax benefit between October 2003 and September 2005, by false accounting and one charge of failing to notify a change of circumstances while claiming income support.

Mortgage broker Gillies St Juste, 45, of London, is awaiting sentence for the charges he has admitted.

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