(Image: WYP)
Another man has been jailed for his role in the laundering of £266 million in cash through a jewellery firm in Bradford.
Samir Jagirdar, 58, owned and ran Pure Nines in London’s Hatton Garden.
On Monday, he was sentenced to seven years in prison at Leeds Crown Court and disqualified from acting as a company director.
Jagirdar admitted laundering money between 2012 and 2016 at an earlier hearing.
A decade-long investigation found Pure Nines was a front for delivering cash to jewellers Fowler Oldfield in Bradford and buying gold for shipment to Dubai.
Two men were sentenced in August, while four others were sentenced in March 2025.
Fowler Oldfield probe
The investigation began in 2016 and found couriers travelling from across the country to deliver bags of cash to the Bradford scrap jewellery business on Hall Lane.
The company banked up to £1.7 million a day and used the money to buy high-purity gold grain, shipped to Dubai under fake invoices.
More than £200 million in criminal cash was laundered through Fowler Oldfield’s NatWest account between 2014 and 2016, the investigation found.
The money bought high-purity gold grain, which was shipped to Dubai using fraudulent documents.
The scheme was uncovered in 2016 after a security company raised concerns about the large volumes of cash being collected from the premises.
Surveillance showed couriers repeatedly delivering bags of cash to the site.
Jagirdar’s brother-in-law, Baqa Haider, was also involved.
The pair created fake shipping invoices and travelled to Dubai to export and deliver the gold.
Who has been convicted?
After a trial that ended in July, Haider and Fowler Oldfield employee Nathan Rivers were convicted of money laundering.
On August 28, Haider, 51, of Bob Marley Way, Lambeth, was jailed for six years, while Nathan Rivers, 45, of Rathmell Road, Leeds, received a 27-month suspended sentence and a curfew.
Cash holdall
Gold and silver bars
Four men were previously convicted
In September 2016, police raided Fowler Oldfield and two London businesses, including Pure Nines in Hatton Garden.
Police arrested 16 people and seized more than £4 million in cash and gold.
In March 2025, four men were convicted of money laundering and jailed.
Fowler Oldfield director Daniel Rawson, 49, of Syke Green, Scarcroft, Leeds, was jailed for 10 years and 10 months.
Gregory Frankel, 48, of Shipley, was sentenced to 11 years and eight months in his absence.
Haroon Rashid, 56, of Toller Lane, Bradford, was sentenced to 10 years in his absence.
Arjun Babber, 34, of Trevor Place, Westminster, London, was sentenced to 11 years in his absence.
The three men sentenced in their absence are believed to have fled the country.