Money launderer claimed he won lottery... 123 times
A MONEY launderer who claimed he paid for his house by winning the lottery 123 times has been ordered to repay almost £500,000.
Career criminal Kashaf Ali Khan was told to pay back £480,000 under the Proceeds of Crime Act within three months or to go prison for fourand-a-half years.
Khan, 44, was convicted of two counts of money laundering last year and sentenced to 22 months in prison, following an investigation by the National Crime Agency. He has since been released.
At his trial, his father, Malik Abdullah Farooq, 81, said his son bought the house, on Prospect Lane, Solihull, with money he gave him from the 123 prize-winning tickets from the Pakistan Prize Bond Draw between July 2012 and February 2013.
The NCA employed an expert statistician who said Khan’s father’s ‘good luck’ was as unlikely as winning the UK National Lottery jackpot 40 weeks running. Khan admitted he used laundered money to pay for his £412,000 house as well as using criminal cash to pay an earlier money laundering conviction. During a Proceeds of Crime Act hearing at Birmingham Crown Court, the court was told Khan had benefited from £673,857.89 of criminal cash, which was the value of his Prospect Lane home and criminal money he used to repay a previous confiscation order in 2010. The confiscation order represents the value of the house which is currently valued at £480,000. Adam Warnock, NCA Commander, 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.”