Brothers’ Property Empire Busted for Laundering Criminal Cash
The National Crime Agency (NCA) has hit Bradford property developers Parvez Akhtar, 55, and his brother Zaheer Akhtar Nazir, 50, with a massive crackdown. The brothers, known locally as ‘Boney’ and his sibling, are accused of using their property business to launder hundreds of thousands of pounds for criminals over three decades.
Dirty Deals & Dark Connections
The NCA revealed the Akhtar brothers have been involved in a slew of serious crimes since the 1990s, including international VAT fraud and money laundering. Their investigation uncovered strong links to organised crime gangs both in the UK and abroad.
Parvez Akhtar is well-known in Bradford and has flaunted his wealth on YouTube, showing off flashy cars and rare sports memorabilia – now seen as spoils of crime.
“Taking the proceeds of crime off individuals such as these brothers is particularly significant for the Bradford community,” said Andy Lewis, Head of Civil Recovery at the NCA. “We have sent a clear message that no one is above the law, while also removing the pair’s ability to benefit from criminal proceeds.”
“This action shows the criminal community that we will use every tool at our disposal to disrupt and help prevent money laundering by criminals and their associates.”
Million-Pound Property Seized
The settlement involves a swanky three-storey townhouse in Paddington, West London, valued at around £1.75 million. Plus, two more homes in Yorkshire worth roughly £300,000 have been seized.
The NCA’s move puts the hammer down on criminals trying to hide filthy cash behind legitimate property deals, sending a strong warning across the UK’s underworld.
