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Two found guilty of Olympic money-laundering

United Kingdom,Crime/Disaster/Accident,Sports, Wed, 25 Apr 2012 IANS

London, April 24 (IANS) Two men have been found guilty of money-laundering charges following a 2.3 million pound ($3.7 million) fraud against the Olympic Delivery Authority, the body responsible for developing infrastructure for the 2012 games. An Indian-origin suspect was cleared in the case.


Ayodele Odukoya, 42, and Abayomi Olowo, 48, were found guilty of money-laundering offences by a jury following a seven-week trial at the Southwark Crown Court in London, the Independent reported.


Six other people - Shamsidden Owo, 75, Shakeela Ayub, 28, Nadeem Khan, 38, Mbinty Kargbo, 26, Sanjeev Kumar, 30, and Sakiru Adewale, 58 - were cleared of money-laundering charges.


The group were accused of laundering the cash after fraudsters tricked the Olympic Delivery Authority out of 2.3 million pounds.


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