Convicted money launderer pays backs almost half a million 'after winning lottery 123 times' - The Solihull Observer

Convicted money launderer pays backs almost half a million 'after winning lottery 123 times'

Solihull Editorial 3rd Sep, 2019   0

A CONVICTED money launderer who claimed his 123 prize-winning lottery tickets paid for his Shirley house has paid back almost half a million pounds.

Kashaf Ali Khan was ordered to pay £472,740 under the Proceeds of Crime Act or face a jail sentence following a National Crime Agency (NCA) investigation.

The confiscation order was granted last year, after the 44-year-old bought a £412,000 house on Prospect Lane with money he claimed had been won with 123 prize-winning tickets in the Pakistan lottery.

Khan made the purchase in his elderly father’s name, but it was actually Kashaf Khan who was the real purchaser of the property.

The NCA employed an expert statistician who said it was as likely as winning the UK National Lottery jackpot 40 weeks running.

Khan, who later admitted money laundering by using criminal money to buy the house, had to sell the property to pay off the confiscation order.

NCA investigating officer Phil Houghton said: “Kashaf Ali Khan wrongfully thought he could get away with funding his lifestyle by criminal means.

“Offenders like Khan play an enabling role for other criminals to move and clean the proceeds of crime. They will be relentlessly pursued by the NCA.

“The issue poses a priority threat for the NCA and we do everything possible to combat it.

“This order is a warning to those who believe they can benefit financially from a criminal lifestyle – crime doesn’t pay.”

In October 2009 the NCA caught Khan handing over a holdall to someone which contained £74,830 in cash.

The following September Khan admitted money laundering offences and received a suspended prison sentence together with an order to complete 200 hours of unpaid work.

In January 2012 Khan was ordered to pay £175,000 because of the conviction.

Her Majesty’s Revenue and Customs have no records of him working. And despite Khan having no recorded legitimate income, he paid off the £175,000 in cash within 12 months.

He later admitted paying off the confiscation order using further criminal cash.

In 2013 Khan used criminal monies to buy the Prospect Lane, Solihull property.

During the previous year, flurries of money had been transferred into Khan’s father’s UK bank account from Dubai.

Using his father, Khan used black-market prize bond dealers in Pakistan in a bid to fool investigators into believing he had won legitimate prizes.


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