LEEDS: A Pakistani origin British citizen’s perishable assets valued at 10.5 million British Pounds were seized by the National Crime Agency (NCA) on Thursday, ARY News reported.
The businessman’s assets were reportedly seized under the new British law against undeclared assets.
The British High Court had greenlighted the undertaking after the law was passed.
The confiscated property included 17 building structures and land along with 1.13 million pounds sterling cash.
It is being speculated that the man in question had dealings with criminal elements, an investigation into the matter has been opened by British law enforcement agencies.
Earlier on February 1, following court orders, the United Kingdom’s National Crime Agency (NCA) reportedly seized properties and cash worth £450,000 from a British national of Pakistani origin.
According to the details, the NCA, after financial investigations, reportedly found Irfan Ali guilty of acquiring the prosperities from the proceeds of mortgage fraud, money laundering and tax evasion.
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