FCA secures £533,000 to return to investors

The FCA has recovered funds from an unauthorised deposit-taking scheme operated by Bright Managment Solution Limited [sic] and others.

mso-fareast-font-family:"Times New Roman";mso-bidi-font-family:"Times New Roman";
color:black;mso-themecolor:text1;mso-fareast-language:EN-GB">Investors will receive money back totalling £533,000 after the High Court granted a distribution order to the FCA.

mso-fareast-font-family:"Times New Roman";mso-bidi-font-family:"Times New Roman";
color:black;mso-themecolor:text1;mso-fareast-language:EN-GB">The FCA recovered the money from Bright, Soccer League International Limited, and three individual defendants, Mohammed Zakir Hussain, Mohammed Abdul Kahhar and Kayes Miah - all of whom accepted the FCA's claim against them.

mso-fareast-font-family:"Times New Roman";mso-bidi-font-family:"Times New Roman";
color:black;mso-themecolor:text1;mso-fareast-language:EN-GB">Two further defendants, Mohammed Abdul Kabir and his company Soccer League UK Limited, initially opposed the FCA's claim. Mr Kabir later settled, agreeing to contribute £100,000. Mr Kabir has until 7 October 2026 to pay this sum and the FCA expects to make a further distribution to those who had paid money to Bright.

mso-fareast-font-family:"Times New Roman";mso-bidi-font-family:"Times New Roman";
color:black;mso-themecolor:text1;mso-fareast-language:EN-GB">Consumers who are known to the FCA will be contacted directly, however, anyone who thinks they have a claim and has not been in contact with the FCA before can contact the FCA about the proposed distribution order using the email address [email protected].

Notes to editors

1. Soccer League UK Limited was compulsorily dissolved at Companies House in January 2021. Soccer League International Limited was compulsorily dissolved at Companies House in December 2022.
2. Read the High Court's order.
3. The court order enables the FCA to distribute the sum held on a pro rata basis to those consumers who have suffered a loss.
4. The FCA has an overarching strategic objective of ensuring the relevant markets function well. To support this, it has three operational objectives, to:
   • secure an appropriate degree of protection for consumers
   • protect and enhance the integrity of the UK financial system
   • promote effective competition in the interests of consumers
5. Previous press releases:
   • FCA commences civil proceedings in relation to alleged unauthorised deposit takers
   • FCA secures interim restitution order against illegal deposit takers
   • FCA resolves High Court proceedings in relation to unauthorised deposit taking
6. Find out more information about the FCA.