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Britain |
Pakistani stripped of assets in UK |
2007-07-19 |
A Pakistani national who became a millionaire overnight through a tax scam has been stripped of more than £5 million in assets. Amer Munir had enjoyed a jet-set lifestyle thanks to the “unbelievably simple” VAT fraud, Manchester Evening News reported on Wednesday. A Manchester court jailed Munir for seven years last December. Now he has been ordered to pay back more than £5.6 million in assets or serve a further seven years imprisonment. Judge Anthony Gee decided that Munir had profited by 7.5 million from the fraud, the £6 million the jury convicted him of, plus interest. The judge said he was stripping Munir of illegal profits and assets, which included his family home in Hale, now believed to be worth £1.4 million, an apartment in Dubai, money totalling £500,000 in bank accounts in Jersey, Pakistan and Switzerland, and various miscellaneous items. The compensation figure also included nearly £2 million in cash, which “disappeared” from his company bank account. |
Posted by:Fred |