Dharmendra Devji Solanki
Illegal money lending and money laundering *
Sentence
Two-year prison sentence (eight months for illegal money lending and 16 months for money laundering, consecutive), suspended for two years, with five days rehabilitation activity and 120 hours unpaid work
Dharmendra Devji Solanki, aged 59, from West Ealing, operated an unauthorised loan shark business from November 2018 to his arrest in May 2022, lending in excess of £400,000 at 10-20% interest rates, generating £440,000-£480,000 returns. Despite being a qualified anti-money laundering specialist (CAMS), he exploited vulnerable borrowers with unpredictable interest, pressure, intimidation, and threats, including demanding passports and sending menacing messages. Examples include a borrower repaying £1,350 on a £1,000 loan and another threatened about career impact.
Admitted charges of illegal lending and money laundering. Proceeds of Crime Act hearing on 2026-03-11 ordered payment of £169,941.89 within three months or face three-year jail term, plus over £13,000 costs.