The Crown Prosecution Service (CPS) has reported that Rais Kayani, a fraudster who sought to exploit taxpayers through a coronavirus (COVID-19) support scheme, has pleaded guilty to a single count of entering into a money laundering arrangement at Southwark Crown Court. Following an investigation by the National Investigation Service (NATIS), it was found that Kayani's company, RAK Traders and Services Ltd, received £195,000 from three local authorities in St Helen’s, Thurrock and Rochdale, after Kayani defrauded these authorities through false applications to the Small Business Grant Fund. The CPS has said that it has already recovered £155,000 and will seek a confiscation order to obtain the remaining funds. Kayani has been ordered to carry out 100 hours of unpaid word and pay £6,000 in compensation.