LONDON: Three Indian-origin businessmen who swindled banks in Britain and the United States of more than 300 million pounds by pretending to run a worldwide metal trading empire have been sentenced to nearly 25 years in jail.
Virendra Rastogi (39), Anand Jain (43) and Gautam Majumdar (57), ex-directors of metal trading business RBG Resources, were convicted at London's Southwark Crown Court of conspiracy to defraud on 23 April.
Pronouncing the sentence on Thursday, Judge James Wadsworth said: "They created a very impressive front that fooled banks, the metal exchanges in both countries, (UK and USA), and well respected accountancy firms".
"They were involved in years of calculated dishonesty." During the trial, he noted that "they had shown no shadow of regret or remorse or repentance."
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