Belfast Telegraph

UK Website Of The Year

Gold smuggled into UK by criminal gang goes under the hammer

Published 30/10/2015

Some of the gold which was sold at auction in Belfast, after it was seized during an investigation by HM Revenue and Customs (HMRC/PA)
Gold was under the hammer at an auction in Belfast

More than half a million pounds worth of gold smuggled into the UK by criminals has been sold at a Belfast auction.

The precious metal was seized during an investigation by HM Revenue and Customs (HMRC) into a £9 million smuggling plot that saw the gang's leader, Chaudry Ali of Middlesex, jailed for nine years in 2012.

He was ordered to pay back £4.3 million of his criminal profits or serve an extra 10 years in prison when he appeared at Kingston Crown Court a year ago.

Mike Parkinson, assistant director of fraud investigation at HMRC, said Friday's sale sent out a message that criminal assets would be pursued even after a conviction is secured.

"We will always look to reclaim illegal profits to bring them back into the UK economy.

"If Mr Ali serves his 10 years in prison and does not pay back the assets that it is known he has got we will still be chasing him for that money when he is released from prison."

Almost 150 kilos of gold, estimated to be worth more than £2.5 million, were smuggled into the UK by Ali's criminal gang.

Mainly gold bars were sold during an online auction this morning, netting £522,000. Another £500,000 is expected to be made during an auction of bracelets and other jewellery later. A total of £700,000 had already been realised beforehand.

Further action to recover the proceeds of crime is being taken by selling properties and land worth nearly £2 million owned by Ali in Birmingham and London.

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Read More

From Belfast Telegraph