A terror boss who wanted to bomb the London Stock Exchange and was a close ally of jihadi Usman Khan could be freed in weeks.

Parole Board bosses are assessing a dossier on Mohammed Shahjahan and could soon release him.

The fanatic was jailed alongside London Bridge attacker Khan in 2012 for an al-Qaeda inspired gun and bomb plot against the capital’s financial district.

Shahjahan, originally from Stoke-on-Trent, was released in 2019 but recalled to prison for breaching licence conditions. Khan was also released for the 2012 plot but went on to commit the London Bridge atrocity in 2019. Shahjahan, was refused Parole last January.

Jihadist Mohammed Shahjahan (pictured) set out his vision for the UK as part of a BBC documentary in 2010

Usman Khan (pictured) who was imprisoned for six years for terrorism offenses before his release and stabbed several people in London in 2019, before he was shot dead by officers on London Bridge

Terrorists L-R: Mohibur Raham, Gurukanth Desai, Abdul Miah, Usman Khan, Mohammed Chowdhury, Mohammed Shahjahan in Roath Park

But now the Parole Board has told Mail Online his case is at an initial assessment stage. This means a dossier will be read on him, and then he will either be released without a Parole Board hearing, or one will be directed, likely in the coming months, or he could be refused a hearing and remain in prison.

Sources fear as he was refused a year ago it may be considered his behaviour has improved enough to be back on the streets. He will be subject to strict conditions if he was to be freed.

A prison psychologist ruled last year he had a ‘tendency to overlook the consequences of his actions’.

He plotted the atrocity with Khan and was jailed alongside him. On his release, Khan launched an attack in 2019, when he stabbed and killed two prison rehabilitation workers at an event at Fishmongers’ Hall. Armed cops then shot him dead.

Another terrorist, Nazam Hussain, 38, was jailed alongside them. He was due to be released.

All three admitted engaging in conduct in preparation for acts of terror and were jailed. All three had been watched by MI5 before their planned attack.

The prosecution said plotters had discussed attacking the London Stock Exchange, pubs in Stoke and, separately, setting up a jihadist training camp in Pakistan.

A source said: ‘There are fears they may well direct his immediate release based on the fact he was considered a year ago. It depends on his behaviour.’

Tory MP Nigel Mills said: ‘I sincerely hope he is not released.

‘Usman Khan was and he went on to commit a horrific terrorist attack.

‘This is clearly a man who is one of the most dangerous people in the country.’