Daughter of Banana Island Founder to be Jailed in UK for 117,000 Pounds Fraud

42-year-old mother-of-five, Janine Adeleke, is facing jail time after being found guilty of 7-counts of cheating, fraud and money laundering at Canterbury Crown Court yesterday. 

She's been granted bail until her sentencing hearing in November. She claimed £117,000 in state handouts while she made £1.5million from running a high-class escort agency, Carltons of London, from her seaside home Bexhill-On-Sea, East Sussex. 

One of her children was sent to the exclusive Roedean boarding school for girls while her family had private medical insurance and membership to the David Lloyd gym. She is said to be one of the children of late Chief Adebayo Adeleke who conceived the idea of Banana Island.

At the start of the trial, Alastair Walker, prosecuting, told the jury that for eight years between November 2006 and October last year Adeleke had failed to disclose significant income much of which came from the escort business.

The jury heard that in July 2011, when she suspected that Department of Work and Pensions (DWP) investigators were on her trail, she laundered receipts through accounts in the name of her elderly and frail mother.

'During this period she claimed state benefits including Income Support, Council Tax benefit and carer's allowance. Over the years, the defendant received nearly £1.5m of undeclared income. At least £650,000 should have been declared to revenue and customs,' said Mr. Walker.

While claiming benefits she ran a successful and expensive escort agency which boasted VIP Models of poise, sophistication and stunning good looks for elite gentlemen. The total loss to taxpayers as a result of Adeleke's fraud was £367,000.

Sources: Mirror UK / Dailymail