Abid Hussain, 40, was locked up for five years and nine months for defrauding a mortgage lender and a property company out of £1.25milion

Mr Hussain of Kilburn was sentenced at Southwark Crown Court for one count of attempting to pervert the course of justice, two counts of fraud and one count of money laundering.

In 2016 May, Hussain lied to the police when he told them he had been scammed after a property of his was sold for £480k without his permission.

The police then launched an investigation and found that Hussain himself had sold the property through an apparently legitimate process and received the money from a property company.

The police questioned Hussain regarding the large sum in his bank account.

He then told the police that £770,000 in his bank account was from a re-mortgage from another property.

During the investigation, the police discovered that Hussain made the application for the re-mortgage himself after he was caught by CCTV going into the central London solicitors office to complete the application.

He gave the police a fake witness statement by reporting the transaction as a scam. His aim was to leave the mortgage lender and property company out of £1.25 million.

An amount of £438k was used to buy a 15 kilogram’s of gold bullions.

The police discovered that Hussain himself completed the transaction of the gold bullions through CCTV.

The gold bullions were not recovered, the police believe Hussain had taken it with him when he made a trip to Pakistan days after he purchased it.

He was sentenced to Five years and nine months in prison at Southwark Crown Court.

The money that Hussain defrauded was returned to the mortgage company and the police are currently investigating Hussain under the Proceeds of Crime Act to recover all the illegal money he made through fraudulent activities.

DC Richard Kirk of the Met’s Complex Fraud Squad said: “A swift investigation has ensured that Hussain will now have time to reflect on what he has done in prison. Evidence showed that Hussain had meticulously planned these frauds for some time. We are pleased to see he has received a custodial sentence that reflects the seriousness of his offences.”