LONDON – UK National Crime Agency seized assets worth £10.5 of a PakistaniBritish businessman.
United Kingdom’s National Crime Agency (NCA) has obtained freezing ordersfor the assets of a Leeds-based Pakistani-British businessman ‘withsuspected links to serious organized criminals’ worth £10.5 million.
The Property Freezing Order (PFO) was granted by the High Court earlierthis week. 39-year-old Mansoor Mahmood Hussain controls these 17 propertieslocated in Leeds, Cheshire, and London.——————————
Earlier in January, NCA also confiscated £1.13 million after getting anAccount Freezing Order for a company linked to the businessman. Theregulatory authority also obtained an Unexplained Wealth Order (UWO)pertaining to 8 properties in July last year.
Mr. Hussain had failed to comply with the requirements of the UWO, and thisnon-compliance provided a good case that a number of the properties are theproceeds of crime.
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The crime agency has also prevented further sale and transfer of theseproperties as investigations are underway to ascertain the source of fundsused to purchase these properties.——————————
Andy Lewis, Head of Asset Denial at the NCA, said:
We use all available tools to carry out investigations into possibleillicit finance, and these efforts are a vital part of protecting thepeople and economy of the UK from serious and organized crime.
