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A member of a Cardiff terror cell which plotted a "Mumbai-style” assault and a bomb attack on the London Stock Exchange has failed in his attempt to have his sentence reduced.

In February last year Omar Sharif Latif, of Neville Street, was jailed for 10 years and four months, with another five years on extended licence, for his part in the al Qaeda-inspired plot.

But today top judges at London's Criminal Appeal Court dismissed his appeal saying there was nothing excessive or wrong in principle about his sentence.

Latif was part of an Islamic extremist gang which met in Cardiff’s Roath park and used counter-surveillance measures in an effort to escape detection.

The nine-strong group – which consisted of Cardiff brothers Abdul Miah, 25, and Gurukanth Desai, 30, along with three men from Stoke-on-Trent, two from London and one from Birmingham – were arrested by anti-terror police in December 2010.

During the four-day sentencing hearing at Woolwich Crown Court, a judge heard the men were well advanced in their terrorist planning when police swooped to arrest them.

The fundamentalists wanted to send five mail bombs to various targets, including the Stock Exchange and pubs used by British racists, over the 2010 Christmas period. A hand-written target list found at one of the defendants’ homes listed the names and addresses of London Mayor Boris Johnson, two rabbis, the American Embassy and the Stock Exchange.

Between them, the cell possessed almost every famous jihadi publication, including copies of Inspire, an English-language internet magazine produced by Yemen-based extremist cleric Anwar al-Awlaki’s group Al Qaeda in the Arabian Peninsula.

The improvised explosive device for the planned London Stock Exchange attack was to be based on step-by-step instructions in an article in Inspire’s first issue entitled “Make a bomb in the kitchen of your mom”.

During the police operation Desai, a father of three who once owned a Cardiff takeaway, and Miah were bugged claiming that fewer than 100,000 Jews died in the Holocaust and talking about how Hitler “had been on the same side as the Muslims” because he understood that “the Jews were dangerous”.

Miah, of Ninian Park Road, Riverside, Cardiff was sentenced to 16 years and 10 months, while his brother, Desai, 30, of Albert Street, Riverside, Cardiff was jailed for 12 years.

During today’s hearing, Lord Justice Leveson, sitting with Mr Justice Mitting and Mr Justice Sweeney, heard while the gang were encouraged by big-mouthed "self-publicist", Mohammed Chowdhury, 22, from London, the only plots that went beyond mere talk were to recruit other would-be terrorists for a training madrassa in Pakistan and to place a pipe bomb in the London Stock Exchange.

Yet in their ruling, the judges said the gang had rightly been assessed as posing a real danger to the public as the mayhem plotted had “progressed beyond talk”.

They added the parts played by the London and Stoke conspirators had to be viewed as “equally serious” and no distinction could safely be drawn between them.

However, the judges went on to rule that the terms imposed on Stoke based Usman Khan, 22, and Nazam Hussain, 27, along with Abdul Shahjahan, 29, of Birmingham – who were all caged indefinitely for public protection – and Mohibur Rahman, 28, of Stoke, who was jailed for five years, were too tough.

Khan and Hussain had their indefinite sentences overturned and replaced by 16-year jail terms, followed by five years on extended licence in the community.

Shahjahan will now serve 17 years and eight months, also with a five-year extended licence period.

Notification requirements under the Counter-Terrorism Act 2008 will apply to all three four 30 years.Mohibur Rahman, had his term cut from five to four-and-a-half years.

Neither of the London based plotters Chowdhury and Shah Rahman, 29 – who were jailed for 13 and 12 years respectively – or Miah or Desai, appealed against their terms.