£26.5m taken from corrupt businessman

Wednesday 8th June 2011, 2:58PM BST.

Raj Arjandas Bhojwani

A WEALTHY Indian businessman who laundered millions of pounds of money through Jersey bank accounts has had just over £26.5m confiscated.

Raj Arjandas Bhojwani, who owns three homes in three countries, was sent to prison for six years in June 2010 after being found guilty of laundering $43.9m – the
proceeds of corrupt Nigerian vehicle deals – through Island bank accounts.

The confiscation order was made by the Royal Court yesterday and Bhojwani was also ordered to pay a ‘substantial’ contribution towards the cost of the prosecution, which was described as Jersey’s biggest ever money laundering case.

Discussions are now expected to take place with the government of Nigeria about returning some of the confiscated money.

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