Broker bought Porsche and Cartier ring with proceeds from £3.45m fraud
A former insurance broker employee was sentenced at Southwark Crown Court yesterday (29 October 2026) to seven and a half years after being convicted of fraud by abuse of position.
Rajit Sharma, 44, of Eastfields Avenue, London, formerly employed within the claims handling department of marine broker V Scope Risk Management Ltd, was found guilty of misdirecting 34 insurance claim payments linked to 15 separate claims between April 2013 and November 2020, totalling £480,942.39 and $3,973,048.73 (£2.97m).
Financial investigators found that Sharma used the proceeds of the fraud to fund a lifestyle far beyond what could be explained by his salary.
Lavish lifestyleHe purchased a
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