Money-launderer pays back just £1

A HALIFAX man has been ordered to pay back just £1 for his part in a multi-million pound mortgage fraud and money-laundering ring.

Mohammed Rafiq, of Queens Road, must pay back the nominal sum by next Wednesday. He was jailed for three and a half years in April 2009 after admitting his role in the conspiracy.

Five other men were also jailed over the plot, masterminded by ex-mortgage broker Rashid Farid, of Lemans Drive, Batley.

He is serving 11 years for directing the scam, in which he fiddled online Land Registry records to apply for mortgages on other people’s properties.

The funds were then paid into accounts, linked to the other men – including Rafiq – then laundered through other accounts and eventually withdrawn in cash.

Now, Judge Jonathan Durham Hall QC has ruled that the gang pocketed £4,571,279.35 from their crimes and he made a total confiscation order of £796,540.04.

Farid must pay back £331,536.79 within six months or face an extra three and a half years in prison. His brother, Mohammed Jahnagir Farid, must pay back £161,427.19 and their dad Mohammed Farid must pay £41,967.02.

Abid Hussain Ramzan, of Daisy Hill, Bradford, must pay £221,458.04 and Imran Hussain, of Burley Road in Leeds, must pay £40,150.

Detective Chief Inspector Lisa Atkinson, of the North East Regional Asset Recovery Team, said: “We will stop at nothing to recover criminal assets and dismantle criminal activity.

“Not only have these men been brought to justice but now their assets have been removed.”