Two men guilty of Olympic money-laundering charges

Two men have been found guilty of money-laundering charges following a £2.3m (€2.8m) fraud against the Olympic Delivery Authority, a court official has said.

Ayodele Odukoya, 42, of Paignton Close, Romford, Essex, was convicted of two charges of money laundering and Abayomi Olowo, 48, of Windsor Road, Harrow, north west London, was found guilty of four money-laundering offences by a jury.

Six other people were cleared of money-laundering charges following the seven-week trial at Southwark Crown Court in central London.

Shamsidden Owo, 75, of Brookfield Road, Hackney, east London, was cleared of four counts of money laundering. Shakeela Ayub, 28, of Brudenell Road, Leeds, was acquitted of two counts.

Nadeem Khan, 38, of Richmond Crescent, Slough, Berkshire; Mbinty Kargbo, 26, of Crofton Road, Camberwell, south east London; Sanjeev Kumar, 30, of Bell Street, Bilston in the West Midlands; and Sakiru Adewale, 58, of no fixed abode, were also cleared of one charge each.

The group were accused of laundering the cash after fraudsters tricked the Olympic Delivery Authority (ODA) out of £2.3m (€2.8m).

Sentencing will take place later today.