The Financial Conduct Authority (FCA) has secured £533,000 to return to investors after the High Court granted a distribution order to the FCA.
Investors will receive the recovered funds following an unauthorised deposit-taking scheme operated by Bright Management Solution Limited and others.
The FCA recovered the money from Bright, as well as 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. Kabir later settled, agreeing to contribute £100,000, and has until 7 October 2026 to pay the sum.
The FCA confirmed it 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,” a statement by the regulator said.
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