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Kallakis faces substantial prison sentence for AIB fraud

Business partners Achilleas Kallakis and Alexander Williams have been found guilty of the highest profile commercial property fraud committed in the UK during the boom times of the last decade.
CoStar News
January 16, 2013 | 4:57 P.M.

The two men were told a prison sentence was inevitable after being found guilty by a unanimous verdict at Southwark Crown Court this morning of obtaining £740m in fraudulent loans from Allied Irish Bank between 2003 and 2007.

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