LONDON, May 16 (Reuters) - Confidence trickster AchilleasKallakis, who received a seven-year jail sentence in January,will spend a further four years behind bars after a top Britishgovernment lawyer called on senior judges for a toughersentence.
Kallakis, 44, duped banks out of more than 740 millionpounds ($1.1 billion) by posing as a property tycoon based inthe elite west-end district of Mayfair.
Solicitor General Oliver Heald referred the case of Kallakisand that of his old university friend-turned-forger, AlexanderWilliams, to the Court of Appeal after both men were foundguilty in January of two counts of conspiracy to defraud.
"We are pleased that the court agreed that consecutivesentences were required to reflect the fact that two separatebanks fell victim to the offenders," Heald said in a statement.
Williams, who produced forged documents to back upKallakis's applications for loans, was initially handed afive-year jail term. He will now serve 8 years behind bars.
Between 2005 and 2008, the men created an elaborate andfraudulent network of business arrangements through which theyborrowed huge amounts of money to buy a commercial propertyempire and fund lavish lifestyles.
Kallakis maintained a fleet of chauffeur driven Bentleys, aprivate jet, a private helicopter, a luxury yacht moored inMonaco and high value art.
The bulk of the loans were secured from Allied Irish Banks (AIB), although Bank of Scotland (HBOS) lost 5million euros ($6.4 million) after agreeing to a loan the mensaid was to convert a passenger ferry into a luxury yacht.
The banks' lax risk controls and background checks during aproperty binge was also criticised during earlier courtproceedings.