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Criminal gold raises £2.2 million

Press Release   •   Dec 04, 2015 11:35 GMT

150 kilos of smuggled gold, which was seized by HM Revenue and Customs (HMRC) as part of a £9 million smuggling investigation has been sold at auction raising almost £2.2 million.

The case saw the crime boss, Chaudry Ali of Middlesex, jailed for nine years in 2012.

Kevin Newe, Assistant Director, Fraud Investigation Service, HMRC, said:

“We are pleased to have secured such a large amount of cash for the taxpayer and public finances. This is money needed to fund the local services we all need and rely on.

“Ali thought his plans were foolproof but he hadn’t factored in expertise of our investigators and their ability to uncover fraud - however well it may be disguised. HMRC will always look to recover the ill-gotten gains of criminals and use a variety of methods to do so.

A series of public and online auctions were held by Wilsons Auctions in Belfast throughout November 2015. Catalogue entries included Asian gold bracelets, necklaces, rings, a statue and gold bars.

Ali was ordered to pay back £4.3 million of his criminal profits or serve an extra ten years in prison, when he appeared at Kingston Crown Court in November 2014. Further action to recover the remaining criminal profits is being taken by selling properties and land worth nearly £2 million owned by Ali in Birmingham and London.

Notes for editors

1.A photograph of the defendant and goods seized, including video footage of the gold, are available on request or at http://www.mynewsdesk.com/uk/hm-revenue-customs-hmrc/pressreleases/hammer-to-fall-on-criminal-s-gold-1239619 or HMRC’s flickr channel www.flickr.com/hmrcgovuk

2.Details of the defendant sentenced in December 2012 and confiscation order granted in November 2014, both at Kingston Crown Court, are available at: http://www.mynewsdesk.com/uk/hm-revenue-customs-hmrc/pressreleases/gold-smuggler-in-ps4-3-million-crime-payback-1083599

3.Anyone with information on suspected tax fraud should contact the Customs Hotline on 0800 59 5000.

4.Follow HMRC Press Office on Twitter @HMRCpressoffice

Issued by HM Revenue & Customs Press Office

HM Revenue & Customs (HMRC) is the UK’s tax authority.

HMRC is responsible for making sure that the money is available to fund the UK’s public services and for helping families and individuals with targeted financial support.