A wanted criminal whose brother had been convicted by the UK fraud office for a 50 million pounds ($64 million) British mortgage fraud has had opulent necklaces, gold, silver, and diamond-encrusted Rolex watches confiscated from a safe deposit box.
Meanwhile, the UK Serious Fraud Office (SFO) claimed on Wednesday that it seized 500,000 pounds ($638,500) worth of jewels. Also, it seized a gold ring inscribed with the word “Nisar” from the safe deposit box of Nisar Afzal’s former partner.
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More so, the SFO alleged that it used the listed asset order to grab and forfeit the properties. Besides, this is a new armor that they used to grab properties affiliated with Afzal, which it claims to be gains of crime.
The SFO claimed his former partner had agreed to the order.
“This case reinforces our resolve to use whatever weapon available to us to stop those who would bribe, cheat and loot from sitting comfortably on their illegal earnings,” explained Liz Baler, Director of SFO.
UK fraud office confiscates Afzal’s asset
The new step on Afzal’s assets came after the SFO confiscated 1.52 million pounds last year. This came from the sales of two properties owned by Afzal in Birmingham, central England.
There is also a warrant for his arrest after he escaped Britain to Pakistan in the mid-2000s. Furthermore, the SFO claims that he was involved in a mortgage lender scam. This led to the arrest of his partner Saghir Afzal. Moreover, the court sentenced him to 13 years imprisonment since 2011.
Saghir Afzal got an extra ten years sentence for failing to pay a roughly 30 million-pound confiscation order within six months.
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