The former owner of Asian Woman magazine has been jailed for nine years today after he was found guilty of a 250 million VAT fraud.
The ex-husband of glamorous actress Laila Rouass, was told by Judge Nicholas Loraine-Smith; “Quite why somebody who had been as successful as you were would decide to become involved in fraud I very much doubt this court will ever know.
“I suspect the enormous profits which were available in the fraud were too great for you to resist, the figures speak for themselves…
“You have one previous conviction for insurance fraud otherwise you tried to paint yourself as a we have seen from the press cuttings as a generous provide to charities and also as an upstanding role model for others when in truth you were nothing of the kind.
“You were very close to the heard of the fraud and you benefited hugely from it.
“There۪s little difference between the architect of the fraud and the architect of the money laundering schemes which are essential in fraud of this type.”
Khan was found guilty last week of allowing a gang of international fraudsters to launder cash through his companies in a “deliberate cheat on the public purse”.
Southwark Crown Court heard the 39-year-old who has now split from former Strictly Come Dancing contestant and Holby City star Miss Rouass netted “staggering profits”, pocketing 15million from the scam.
Khan was one of Britain’s richest young entrepreneurs with a 45million fortune.