A £50 million London home owned by a Pakistani businessman has been seized by the National Crime Agency in a swoop on £190 million of suspected illicit wealth.
The property, at 1 Hyde Park Place, was surrendered to law enforcers by Malik Riaz Hussain in a court settlement.
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.
The NCA said it had “agreed a settlement figure with a family that owns large property developments in Pakistan and elsewhere” after an investigation.
It follows 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.
