Illegal Wealth: Law enforcers seize Pakistani businessman’s £50m London home

The British National Crime Agency has seized a £50 million London home owned by a Pakistani businessman, over an alleged illegal amassing of wealth.

The law enforcement operatives in a court settlement case seized the property, at 1 Hyde Park Place, from Malik Riaz Hussain.

He has also given up another £140 million held in British bank accounts in what is the biggest seizure of assets by the agency so far in its purge on alleged “dirty money”.

All the money will be returned to the state of Pakistan.

This comes on the heels of eight account freezing orders, covering £120 million, imposed by Westminster magistrates last August relating to money held by Mr Hussain.

The court had approved an earlier £20 million freezing order in connection with another of his accounts.

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