Professional gambler arrested in money laundering scam
3rd March, 2009
A professional gambler, Jatinder “Micky Singh” Batth is now looking at a number of years in prison after being caught laundering millions of pounds. Singh is not only well known in the professional gambling circles, he is also well known in the criminal underworld.
It is said that once organized crime bosses found out about his accumulated £100million fortune from casinos and horse racing, they recruited him.
Singh is said to have deposited so called “dirty money” in casinos. This “dirty money” was accumulated from counterfeiting and credit card fraud. He and two alleged accomplices were given bundles of cash in hold-alls which they deposited in accounts at casinos in the Midlands and London area.
Singh then allegedly withdrew “clean” money and handed it back to the crime syndicates so that no one would know of their involvement.
According to a source at Customs and Revenue, "Micky Singh had a professional reputation across the underworld. Major crime figures relied on him to clean cash so it could not be traced back to them. When it came to money-laundering through the gambling industry, there was no one with a bigger reputation."
Singh and his two alleged accomplices were arrested following a four year probe by Revenue Investigators.
Singh is due to be sentenced on Thursday at Birmingham Crown Court.
By Rommon
