A wealthy Leeds property developer has agreed to hand over nearly £10m in properties, land and cash, after investigators accused him of money laundering for north of England crimelords.
Mansoor Hussain, 40, was hit with an “unexplained wealth order” by the National Crime Agency (NCA), which compelled him to prove where his considerable wealth came from.
Hussain agreed to the out-of-court civil law settlement after the NCA confronted him. A finding against him in a criminal high court trial could have resulted in a more severe penalty.
This is the first time an unexplained wealth order has successfully led to the recovery of assets from an individual.
Investigators alleged that Hussain had links to two crime groups: the Khan gang in Bradford – headed by Mohammed Nisar Khan, who was jailed for 26 years last year for murder – and a crime gang operated across the north of England by notorious gangster Dennis Slade.
Hussain handed over 45 properties in London, Cheshire and Leeds, four parcels of land, £600k in cash and other assets: a combined value of £9.8m.
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