Court orders Money Launderer to Pay Back nearly £500,000

Money launderer Kashaf Ali Khan is ordered to pay back almost £500,000 after saying he paid for his house by winning the lottery 123 times.

Kashaf Ali Khan - featured

It was claimed that Khan purchased a house using the winnings of 123 lottery tickets

Convicted money launderer Kashaf Ali Khan, aged 44, of Solihull, has been ordered by Birmingham Crown Court on Tuesday, August 28, 2018, to repay £480,000 or face another prison sentence.

He must repay the cash within three months or go to prison for four and a half years. This is under the Proceeds of Crime Act.

During the hearing, the Court heard that Khan benefited from over £650,000 of criminal cash.

This was the value of his home and criminal money he used to repay a previous conviction in 2010.

The National Crime Agency (NCA) issued a confiscation order to Khan, representing the value of the house, priced at £480,000.

NCA Commander Adam Warnock said: “This order should send a clear message that we will pursue all criminally obtained assets and prevent lifestyles funded through criminal enterprises.”

“Khan is a career criminal who has benefited significantly from the proceeds of that activity.”

Khan was convicted of money laundering when he was jailed for 22 months for two counts in 2017.

He was released in early 2018.

Buying the House

During Khan’s 2017 trial, he and his father claimed that the house was purchased using 123 winning lottery tickets.

Malik Abdullah Farooq, 81, said that his son bought the house, on Prospect Lane, Solihull, with the winnings.

He claimed that he won the Pakistan Prize Bond Draw 123 times between July 2012 and February 2013.

The NCA hired a statistician who said that Farooq’s ‘good luck’ was as unlikely as winning the UK National Lottery jackpot 40 consecutive times.

It was heard that Khan used Pakistani black-market prize bond dealers to make it seem that legitimate prizes had been won.

Winners have to wait several weeks before collecting their winnings

Some lottery winners sacrifice an amount by selling their ticket to an agent for a lower sum. They receive their prize immediately.

The agents then sell on winning tickets for more than they are worth to criminals needing to clean their criminal money.

They then get prize organisers to issue payment in their name.

Previous Convictions

In September 2010, Khan admitted money laundering offences and received a suspended prison sentence.

He was ordered to complete 200 hours of unpaid work.

Khan also had to pay £175,000 due to the conviction.

Despite there being no record of him working and having no legitimate income, he paid the full amount in cash within 12 months.

The money launderer has been ordered by the NCA to pay the full amount within the next three months.

Failing to do so will see Kashaf Ali Khan jailed for four and a half years.

Dhiren is a journalism graduate with a passion for gaming, watching films and sports. He also enjoys cooking from time to time. His motto is to “Live life one day at a time.”

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