The NCA has obtained a £1.13 million Account Freezing Order as part of an investigation into a Leeds businessman with suspected links to serious organised criminals.
The National Crime Agency has obtained a £1.13 million Account Freezing Order as part of an investigation into a Leeds businessman with suspected links to serious organised criminals.
Granted on 9 January at Westminster Magistrates Court, the order concerns an account connected to 500 M Limited – a company linked to businessman Mansoor Mahmood Hussain.
The AFO will prevent the dissipation of the money, and enable the NCA to further investigate the funds in order to ascertain whether or not they are derived from - or intended for use in - unlawful conduct.
If so, the NCA will seek to recover the money.
In July 2019, as part of the same investigation, the NCA obtained an Unexplained Wealth Order relating to eight properties in the UK, purchased by Mansoor Hussain.
Officers believe the purchases were funded by a number of criminal associates involved in drug trafficking, armed robberies and supplying firearms.
Mr Hussain, 39, was ordered to reveal the source of funds used to acquire and develop the £10 million property portfolio.
The court also imposed orders preventing the properties from being sold, transferred or dissipated during the NCA’s investigation.
Andy Lewis, Head of Asset Denial at the NCA, said:
“This latest order will enable the NCA to properly scrutinise a sizeable sum of money. We are using all available tools to carry out investigations into possible illicit finance, and these efforts are a vital part of protecting the people and economy of the UK from serious and organised crime.”
13 January 2020