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Company director jailed over £7m airline parts fraud

Company director jailed over £7m airline parts fraud

Summary

Jose Alejandro Zamora Yrala, a company director, was sentenced to over four years in jail for selling aircraft engine parts with fake documents worth £7 million. The fraud affected airlines worldwide, leading to the grounding and inspection of planes. The investigation revealed that Zamora Yrala faked documents and created fake employees to support his fraudulent business.

Key Facts

  • Jose Alejandro Zamora Yrala was sentenced to four years and eight months in prison for fraud.
  • He led a company that sold £7 million worth of aircraft engine parts with false documents.
  • His company supplied an estimated 60,000 parts for CFM56 engines with forged paperwork.
  • The fraud affected various airlines, including Ryanair and American Airlines, grounding planes globally.
  • Zamora Yrala faked documents and employees to appear like a legitimate business.
  • The fraud investigation was carried out by the Serious Fraud Office (SFO).
  • Zamora Yrala was banned from being a company director for eight years.
  • A related investigation is ongoing in Portugal.

Source Information