Politics
Asian fraud mastermind now living in Dubai loses £90m property empire and Ferrari


LONDON: A self-styled British Asian clothing tycoon who sold counterfeit socks and pants while operating an extensive fraud ring will have all his UK assets seized after the Crown Prosecution Service won a court order to confiscate up to £90m worth of property and luxury cars, a UK judge has ruled.
Arif Patel, 57, from Preston, Lancashire, who has been on the run since 2011, will have homes and business premises he owned taken from him after a confiscation order granted by a judge at Chester crown court.
His Ferrari 575 Superamerica will be sold at auction, as will property in Morocco, the United Arab Emirates, Saudi Arabia and Turkey, the court has ruled.
Patel masterminded a gang that was convicted in 2023 of one of the UK’s biggest VAT tax frauds in HMRC’s history. Carousel fraud involves chains of fake business transactions used to steal VAT repayments. Goods are moved between different companies in a circular pattern. This creates false export and import records used by criminals to claim back large sums from tax authorities.

His operation stole millions through VAT repayment claims on false exports of mobile phones and textiles. They also imported and sold counterfeit clothes. These would have been worth £50m had they been genuine. Patel also owned properties in Morocco, the United Arab Emirates, Saudi Arabia and Turkey.
His restrained property assets will be sold and the money put back into the public coffers under the order.
During a 14-week trial, Patel and his co-accused, Mohamed Jaffer Ali, 61, of Dubai, were both found guilty in their absence of fraud and money laundering offences.
Richard Las, director, Fraud Investigation Service, HMRC, said: “Arif Patel lived a lavish lifestyle at the expense of the law-abiding majority, but he will now lose the property empire he amassed from the proceeds of crime.
“Our work never stops at conviction. For the last two years, we’ve worked with police and CPS partners to secure one of the biggest criminal confiscations we’ve ever recovered.”
Mark Winstanley, Assistant Chief Constable, Lancashire Constabulary, said: “Arif Patel was the head of a Preston-based organised crime group responsible for causing millions of pounds worth of losses to multiple companies.
“His actions, motivated by greed, directly impacted the taxpayer.”
Patel ran his illegal scheme using Preston-based import/export company Faisaltex Ltd.
He travelled to Dubai in July 2011 and failed to return. He was tried in his absence at Chester Crown Court, where he was found guilty of all charges.
Together, Patel and Ali were sentenced in their absence to a total of 31 years in prison. The UK has a formal extradition treaty with Dubai.
Adrian Foster, Chief Crown Prosecutor of the Crown Prosecution Service Proceeds of Crime Division, said: “The CPS has worked robustly with HMRC and Lancashire Police to ensure that Arif Patel could not keep the benefit from his fake counterfeit designer clothes scam and fraudulent VAT claims. In total, he must pay back more than £90 million or have more prison time added to his original sentence. In the last five years, £478 million has been recovered from CPS obtained Confiscation Orders, ensuring that thousands of convicted criminals cannot profit from their offending. Over £95 million of that amount has been returned to victims of crime, by way of compensation.”
Politics
UAE refers nine Arab nationals to court for alleged kidnapping, blackmail


ABU DHABI: At least Nine Arab nationals have been referred to the court in the United Arab Emirates (UAE) over allegations of kidnapping and blackmail stemming from a financial dispute.
Authorities said the suspects detained a victim for a week, assaulted him, and recorded footage showing him bound and in a compromising state. The video was later circulated on social media in an attempt to extort money from his family.
The UAE Federal Public Prosecution said the suspects were swiftly arrested. Investigators also seized mobile phones and vehicles used in the crime, uncovering evidence that pointed to the gang’s coordinated criminal operations.
Officials said the gang operated in a highly coordinated manner and posed a direct threat to public safety and law and order. The accused face severe penalties, including life imprisonment or the death sentence.
UAE Attorney General Dr Hamad Saif Al Shamsi stressed that national security and stability remained the highest priority.
He confirmed that the Public Prosecution would continue to take strict and impartial action against anyone committing crimes that threaten public peace or the nation’s security.
Politics
Iran cancels nuclear cooperation deal with UN watchdog


- Tehran confirms scrapping nuclear monitoring deal with IAEA.
- Development follows reimposition of UN sanctions last month.
- Iran may review fresh IAEA proposals despite deal’s cancellation.
DUBAI: Iran has called off its nuclear cooperation deal with the UN’s atomic watchdog, the International Atomic Energy Agency (IAEA) that it signed in September, the country’s state media reported, citing its Supreme National Security Council Secretary on Monday.
The decision comes after Western powers reimposed UN sanctions on Tehran. The move is seen as another blow to efforts aimed at rebuilding trust and monitoring Iran’s nuclear activities.
The statement came around three weeks after Iran’s foreign minister, Abbas Araqchi, said Tehran would scrap the agreement, which allowed the IAEA to resume inspections of its nuclear sites, if Western powers reinstated UN sanctions.
Those were reinstated last month.
The confirmation will be a setback for the International Atomic Energy Agency, which has been trying to rebuild cooperation with Tehran since Israel and the United States bombed the nuclear sites in June.
“The agreement has been cancelled,” Ali Larijani said while meeting his Iraqi counterpart in Tehran, according to state media.
“Of course, if the agency has a proposal, we will review it in the secretariat,” he added.
Politics
Mexico flood toll rises to 76, many still missing


Mexico’s government said on Monday that 76 people had died in catastrophic floods and mudslides that hit the country’s centre and east this month, with another 27 still officially listed as missing.
Nearly 120 communities remained isolated with roads and highways blocked or destroyed, according to a report presented during a press conference by President Claudia Sheinbaum.
“The emergency response […] is not over yet; we are still working,” Sheinbaum told reporters, and announced aid totaling 10 billion pesos (about $544 million) for some 100,000 families affected by the calamity.
The central state of Hidalgo had the most blocked off municipalities at 65, many of them in mountainous regions where access routes were damaged by landslides.
Veracruz, along the Gulf of Mexico in the country’s east, was in turn hardest hit by flooding.
More than 12,700 soldiers are still on the ground to deliver aid and otherwise assist affected communities, the government said.
Heavy rains often occur during Mexico’s wet season from May to October, but last week’s downpours were made more dangerous by the combination of a tropical system from the Gulf of Mexico and a cold front from the north, according to meteorologists.
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