Scrap metal dealer jailed over catalytic converter fraud

PUBLISHED: 13:43 16 February 2015 | UPDATED: 13:43 16 February 2015

Ivan Yanev

Ivan Yanev


Unlicensed dealer was tampering with equipment to make it seem more valuable

A Bexley trader has been jailed for 19 weeks over a catalytic converter fraud.

Unlicensed scrap metal dealer Ivan Yanev, 39, of Conington Road, Lewisham, admitted fraudulent trading at Inner London Crown Court. He was also banned from being a company director for three years.

Yanev’s business was raided last year, when police found that he was tampering with catalytic converters to make them appear more valuable.

Some of the 5,000-plus converters found at the premises were believed to have been stolen.

Chief Inspector Andy Johnstone said: “This was a large-scale fraud aimed at duping buyers into paying more for catalytic converters.”

If you have concerns about fraud or unlicensed traders, email or call Crimestoppers free on 0800 555111.

If you value what this story gives you, please consider supporting the Bexley Times. Click the link in the orange box above for details.

Become a supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Latest from the Bexley Times