The National Crime Agency (NCA) says a Loughborough-based businessman has agreed to hand over assets worth £500,000 to settle a civil recovery claim following alleged links to money laundering.
Leicestershire Police began investigating in 2009 after funds were identified in a money service business account called Route of Asia.
The NCA said the owner, Salim Miah, was suspected of operating a large-scale money laundering scheme. Officers identified almost £420,000 linked to mortgage fraud.
In 2009, Miah allegedly used almost £300,000 of this money to purchase the Warwick Arms restaurant in Loughborough. He sold the business five years later and used the proceeds to buy four other properties.
The properties were collectively valued at £1.08 million and became the subject of the NCA’s civil recovery claim in 2019.
On March 4, 2022, a civil recovery order by consent worth £500,000 was agreed. It relates to a residential rental property, a plot of land and a cash payment of £32,500.
The NCA said the assets would eventually be sold, with the proceeds used to combat further crime.
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