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UWO - Porsche, Luxury Apartment Are Seized in U.K.

08/01/2021

U.K. police seized a Porsche Cayenne and a luxury penthouse apartment from a convicted murderer as part of its push to crack down on dirty money.

The assets, with a combined value of more than 800,000 pounds ($1.08 million), belonged to Mohammed Nisar “Meggy” Khan, the National Crime Agency said in a statement Thursday. Khan was head of an organized crime group involved in drug supply, firearms offenses and violence across West Yorkshire, the agency said.

The Porsche bore the registration ‘MEG5S’ and was obtained through crime, the NCA said.

The funds used to buy the apartment in Huddersfield, were provided by Leeds-based businessman Mansoor “Manni” Mahmood Hussain, who was subject to the U.K.’s first successful Unexplained Wealth Order.

IN OCTOBER 2020, The U.K. reached a 9.8 million pound ($12.7 million) settlement in its first successful use of an Unexplained Wealth Order with Mansoor “Manni” Mahmood Hussain, a Leeds businessman. The 40-year-old handed over more than 45 properties in London. Leeds and Cheshire, four parcels of land, and nearly 600,000 pounds in cash.

The British government introduced UWOs three years ago to help stop a growing problem of criminals and dictators using the country to hide their wealth.

The wife of a jailed Azeri banker had a golf club outside London and her home steps away from Harrods seized as part of a similar case.

IN DECEMBER 2020 The wife of a jailed Azeri banker must give British authorities information on her assets after losing a Supreme Court challenge to the country’s first so-called unexplained wealth order. Zamira Hajiyeva, who was identified as part of a crackdown linked to overseas corruption, is prevented from selling or transferring a golf club outside London and her home steps away from Harrods, which the National Crime Agency said Monday are worth more than 22 million pounds

https://www.bloomberg.com/news/articles/2021-01-07/porsche-luxury-apartment-are-seized-in-u-k-wealth-order-case?sref=ldCf194q