The National Crime Agency (NCA) has recovered houses and cash worth £465,000 following a financial investigation into property held by a 41-year-old man from Bradford.
The assets were seized from Arfan Ali after the NCA discovered they had been acquired from the proceeds of mortgage fraud, money laundering and tax evasion.
Ali acquired five properties all located in the Bradford area over a ten-year period. The money recovered from the bank accounts amounted to £30,000.
Billy Beattie, NCA senior manager, said: “The defendant in this case had built up a property portfolio in the Bradford area, funded by the proceeds of crime.
“It is essential to the economic and social wellbeing of areas like Bradford, and the whole of the UK, that assets are acquired lawfully. The NCA uses all of the powers available to us to target illicit wealth.”
The recovery order was granted at the High Court on 22 January 2020.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
