MIDLANDS REGIONAL ASSET RECOVERY TEAM RECLAIM OVER £600k FROM TWO CRIMINALS
Two men sentenced for stealing nearly £1million from their employer have been ordered to pay back the money that they gained from their crime.
Tahir Mahmood KHAN, a 35 year old man from Preston, Lancashire, was ordered to pay a confiscation order in the sum of £426,996.03 at a confiscation hearing at Stoke-on-Trent Crown Court on Friday 22 May 2009.
Bilal Hussain FAZAL, also from Preston, has been ordered to pay a confiscation order in the sum of £200,000.
An investigation by Staffordshire Police Economic Crime Unit, supported by the Regional Asset Recovery Team (RART) found that Khan had stolen around £1million whilst employed as a personal injuries claims negotiator at the Hanley, Stoke-on-Trent branch of the Co-operative Insurance Society. Fazal had then laundered this money.
The compensation will be paid to the Co-operative Insurance Society who were the victims of the crime.
Detective Inspector Chris Berrow from West Midlands Regional Asset Recovery Team said "Clearly this was a complex matter effectively investigated by Staffordshire Officers supported by their Regional Asset Recovery Team.
“We will continue to actively use powers derived from the Proceeds of Crime Act to recover money gained by criminals ensuring they do not benefit from their crime".