The UK’s Financial Conduct Authority is to return £533,000 in recovered money to investors in an unauthorised deposit-taking scheme run through two companies, including a soccer league operator.
Investors will receive the money back after the High Court granted a distribution order to the FCA.
The FCA recovered the money from Bright Managment Solution Limited [sic], 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.
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. 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.
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].
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.
The court order enables the FCA to distribute the sum held on a pro rata basis to those consumers who have suffered a loss.
