Afzal Khan, 39, resident of Foxwood Drive, Hyde, Tameside, laundered £1.3 million for criminals and tricked a bank into giving him £345,000 for a mortgage. He has been jailed for 6 years.
Police raided raided Afzal’s home in September 2014, and found £1.3m in cash and found £116,000 in cash from his partner’s home.
In 2009 he had lied to a bank about his salary before applying for a £345,000 mortgage on a property in Altrincham and lend £345,000 Mortgage from bank. No payments were maid and the house was repossessed.
Detective Constable Richard Hudd, of GMP’s Salford borough, said: “Not only has Afzal Khan used deception to swindle the bank into lending him large amounts of money for a mortgage, he has also helped dangerous criminals launder illicit cash.
Money laundering allows money from illegitimate sources, usually from the proceeds of crime, to enter the system and continue to fund criminal enterprise.
Officers said, We will continue to deploy all the resources at our disposal to eliminate this practice by these criminals, which allows them to spread misery on streets.
Detective said, “I hope that this sentence shows that Afzal Khan’s greed, duplicity and disregard for the communities of Greater Manchester will not be tolerated.”
Original News Source : MEN