Tuesday, April 24th 2012, 07:45 PM

http://india.nydailynews.com/business/63e6b1a90e4b36f7cc88b6143ac83811/two-found-guilty-of-olympic-money-laundering

London, April 24 — Two men have been found guilty of money-laundering charges following a 2.3 million pound ($3.7 million) fraud against the Olympic Delivery Authority, the body responsible for developing infrastructure for the 2012 games. An Indian-origin suspect was cleared in the case.

Ayodele Odukoya, 42, and Abayomi Olowo, 48, were found guilty of money-laundering offences by a jury following a seven-week trial at the Southwark Crown Court in London, the Independent reported.

Six other people - Shamsidden Owo, 75, Shakeela Ayub, 28, Nadeem Khan, 38, Mbinty Kargbo, 26, Sanjeev Kumar, 30, and Sakiru Adewale, 58 - were cleared of money-laundering charges.

The group were accused of laundering the cash after fraudsters tricked the Olympic Delivery Authority out of 2.3 million pounds.