By David Young-
Two brothers into property development have paid a £532K contribution to an alleged £4,3m ill gotten gains from criminal activities, to the National Crime Agency(NCA,) as part of their obligations to the High court, The Eye Of Media.Com has heard.
They paid in two lump sums of £532 £140k by 30th September 2022
The payment follows a civil recovery investigation into their multi-million pound property portfolio are on track to complete their payments.
Parvez Akhtar, Zaheer Aktar and Augustus House Limited paid £532k 30th June 2022, and also surrendered 3 properties vested in the Trustee on 30th June 2022.
Parvez Akhtar 55, known locally as ‘Boney’, and his brother Zaheer Akhtar Nazir, 50, who have been property developers in the area for over 30 years were accused in the High Court of using their property portfolio to launder hundreds of thousands of pounds worth of criminal monies on behalf of other prolific criminals.
The National criminal Agency alleged that Akhtar has been involved in a range of serious criminality since the 1990s including international VAT fraud, money laundering and fraud. The evidence uncovered by the investigation showed he had links to a number of serious organized criminals both in the UK and overseas.
Representatives of the NCA today told The Eye Of Media.Com that the brothers have been complying with their legal agreement contained in the consent order with the courts to pay the huge amount of over £4m, and prevent the likelihood of a protracted court case to try to prove their innocence , likely to no avail and at higher overall costs.
A consent form is signed by a patient prior to a medical procedure to confirm that he or she agrees to the procedure and is aware of any risks that might be involved. The main purpose of the consent form is fir evidential purposes that the patient gave consent to the procedure in question
Lindley Properties Ltd top pay £140k by 30th September 2022
Parvez Akhtar, Zaheer Aktar and Augustus House Limited to pay £1.568 m by 1st July 2023
The NCA spokesperson said : ”I can confirm the Bradford brothers are paying the money in line with the terms set out in the consent order. The agreement represents an expectation they will settle rather than go through a protracted court process”.
A civil recovery doesn’t require a conviction and is determined on the balance of probability, where as a criminal process must be proved beyond a reasonable doubt”.
Akhtar was living the high life, flaunting his wealth by appearing in YouTube videos where he showed off his high value cars and sporting memorabilia. His ostentatious life style came crashing down when
The settlement will include a three-storey town house in Paddington, West London worth about £1.75 million and two properties in Yorkshire worth about £300,000.
These allegations are something the brothers ‘explicitly deny’.
The NCA claimed that the evidence uncovered by the investigation showed that Akhtar had links to a number of serious organized criminals both in the UK and overseas.
The settlement will include a three-storey town house in Paddington, West London worth about £1.75 million and two properties in Yorkshire worth about £300,000.
Following the verdict in the High Court, Mohsin Afsar, lawyer at Solomons Solicitors, who represented both men, said: “Our clients have not been involved in any form of fraud, VAT fraud or money laundering/criminal activities and the settlement reached with the NCA is based on commerciality and saving years of time on civil court litigation.
“There is an explicit denial by our clients of any wrongdoing on the allegations raised by the NCA.
“In fact, over the course of the past 20 years or so our client’s companies have paid several millions of pounds in tax and vat and have conducted their affairs with honesty and integrity and will continue to do so.
“Finally, for the avoidance of doubt this is not a criminal matter and the allegations had not been the subject of a full hearing and challenge before the High Court.”
The National Crime Agency said the £4.3 million agreed figure is surely a gross figure and will need to take into account the outstanding debt on properties forfeit. The civil recovery order was reached by agreement and does not amount to an admission of guilt by Parvez or Zaheer, said the NCA.