Property Tycoons Busted for Laundering Hundreds of Thousands
Brothers’ Property Empire Tarnished by Crime
Parvez Akhtar, 55, aka ‘Boney,’ and his brother Zaheer Akhtar Nazir, 50, have been big players in the property game for over 30 years. But now the National Crime Agency (NCA) claims their empire was built on fraud and money laundering, funneling illicit cash through their property portfolio.
NCA Cracks Down on Criminal Cash Flow
The NCA revealed in a high court case that the Akhtar brothers used their properties to launder hundreds of thousands of pounds on behalf of dangerous criminals. Since the 1990s, Parvez Akhtar has allegedly been involved in international VAT fraud and serious organised crime both in the UK and abroad.
Flashy Lifestyle Doesn’t Hide Dirty Money
Known in bradford/" title="Bradford" data-wpil-keyword-link="linked">Bradford for flaunting expensive cars and sports memorabilia on YouTube, Akhtar’s flashy public image won’t save him. Andy Lewis, Head of Civil Recovery at the NCA, said: “Taking the proceeds of crime off individuals such as these brothers is particularly significant for the Bradford community. We have sent a clear message that no one is above the law.”
Properties Worth Over £2 Million to Be Seized
The settlement includes a £1.75 million three-story townhouse in Paddington, West London, and two Yorkshire properties valued at around £300,000. The NCA is making it clear: criminals won’t be allowed to enjoy their dirty gains.
