A Goodmayes man has been jailed for his part in an international internet banking fraud scam, worth £113million.

Bilal Ahmed, 27, of Wellwood Road, was sentenced to three years and four months’ imprisonment at Southwark Crown Court today, after previously admitting conspiracy to launder money.

Ahmed was part of an organised criminal network which targeted thousands of Lloyds and Royal Bank of Scotland (RBS) business customers, using sophisticated techniques to persuade them to reveal their internet banking details.

At the top of the gang were two brothers Feezan Hameed, 25, and Nouman Chaudhary, 21, both of Albert Road, Glasgow.

Hameed would cold call victims, saying he was from their bank’s fraud department, and using various aliases he would dupe the customers into giving away their banking details.

Three corrupt bank employees would also supply account details and help launder money.

On receipt of the victims’ internet banking information the gang would quickly transfer the money into various ‘mule’ accounts, before it was withdrawn from ATMs and bank branches – often within hours of the original fraud.

Ahmed was involved in laundering the money, which was used to finance the gang’s luxury lifestyle in the UK and in Pakistan.

Between January 2013 and October 2015 the criminal network took £113m from over 750 victims, of which £47m has been recovered.

Detectives believe most of the outstanding £66m has been laundered from the UK to Dubai and Pakistan.

The Metropolitan Police’s FALCON (Fraud and Linked Crime Online) Taskforce launched an investigation in April 2015.

Following extensive covert operations on October 21 officers raided Ahmed’s house in Goodmayes, and other addresses across the country making 11 arrests.

They recovered £120,000 cash, gold bars and more than 100 bank cards.

Hameed was arrested at Charles de Gaulle airport on November 13 last year, attempting to fly to Pakistan on a fraudulent passport.

He was jailed for 11 years after admitting conspiracy to defraud and conspiracy to launder money.

His brother was sentenced to three-and-a-half years imprisonment for the latter offence.