United Kingdom’s Nationwide Crime Company (NCA) has obtained freezing orders for the property of a Leeds-based Pakistani-British businessman ‘with suspected hyperlinks to severe organized criminals’ value £10.5 million.
The Property Freezing Order (PFO) was granted by the Excessive Courtroom earlier this week. 39-year-old Mansoor Mahmood Hussain controls these 17 properties situated in Leeds, Cheshire, and London.
Earlier in January, NCA additionally confiscated £1.13 million after getting an Account Freezing Order for an organization linked to the businessman. The regulatory authority additionally obtained an Unexplained Wealth Order (UWO) pertaining to eight properties in July final 12 months.
Mr. Hussain had did not adjust to the necessities of the UWO, and this non-compliance supplied an excellent case that numerous the properties are the proceeds of crime.
The crime company has additionally prevented additional sale and switch of those properties as investigations are underway to determine the supply of funds used to buy these properties.
Andy Lewis, Head of Asset Denial on the NCA, mentioned:
We use all accessible instruments to hold out investigations into doable illicit finance, and these efforts are a significant a part of defending the folks and financial system of the UK from severe and arranged crime.
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