Keir Monteith QC and Shahida Begum were instructed by Shahid Khan and Abraar Ayaz at Advice Wise Solicitors.
The client, Mr Malik, faced an indictment containing 13 counts alleging £1.4 million of fraud and money laundering offences. After a 6-week trial Mr Malik was found not guilty of the central part of the prosecution case - 3 counts of fraudulent trading. These were the most serious allegations he faced. The prosecution did not proceed with any of the money laundering counts and Mr Malik was only found guilty of three regulatory offences by majority verdicts. These convictions will be appealed.
The case has attracted a large amount of national publicity. However, unfortunately much of it was sensational, inaccurate and did not properly record the verdicts.
Keir Monteith QC and Shahida Begum are members of the Garden Court Chambers Crime Team.
