A BUSINESSMAN who used a flat in a quiet street as a base for peddling tens of thousands of pounds worth of cocaine - has been sentenced to five and a half years in jail.

Viqaas Qureshi, admitted selling class A drugs from the rented the home in Hermitage Walk, South Woodford, after police found a stash of cocaine worth £54,000 and £30,000 in cash during a raid on the property in July.

Mr Qureshi, a former banker who is also believed to have formerly owned a takeaway in South Woodford High Road, was found at the house at the time of the operation - during which officers seized nearly a kilo of the drug.

The 29-year-old - of St Bernard's Road, Upton Park - was sentenced to five-and-a-half years in prison after pleading guilty at Snaresbrook Crown Court to one count of possessing a class A drug with intent to supply and one count of possessing criminal property.

A third charge of possessing a controlled drug of class B with intent to supply was ordered to lie on file in the public interest.

The judge ordered the destruction of the cocaine and set a confiscation hearing at the court on April 16 2010.