Re: NCA back in town : Sat May 29, 2021 3:07 pm
REDWHITEANDBLUE wrote:
If you go over my posts its the loan being investigated, secondly if you got 300K for your 240K house great but if the person buying it with 300K of iffy money then its not so great and if it was proven to be laundered money you would probably have to pay it back as it would be the proceeds of crime and in essence you could lose your house.
NCA have concluded the case against Hussain because he rolled over and accepted the UWO it does not mean that the scrutiny is sis finished going over all the deals for property etc. He may not have had any convictions but his cash appears to be criminal proceeds from who? criminals the NCA and Police will still investigate to ascertain the Organised Crime Groups and individuals involved. I assume he rolled over as the heat was on, maybe is off him a bit now but not off the deals.
NCA have concluded the case against Hussain because he rolled over and accepted the UWO it does not mean that the scrutiny is sis finished going over all the deals for property etc. He may not have had any convictions but his cash appears to be criminal proceeds from who? criminals the NCA and Police will still investigate to ascertain the Organised Crime Groups and individuals involved. I assume he rolled over as the heat was on, maybe is off him a bit now but not off the deals.
But there is no suggestion that the '300k' was iffy, It was borrowed from a legitimate source.
If a bank robber bought a car with stolen money and then you bought that car, they wouldn't repossess the car. If they'd stolen the car, you'd have a problem. The deal for the land was legit, it's where he got the money to buy the land that's the problem, but MH's problem.
How is borrowing 3M from the council iffy?
If the council didn't follow proper procedures when approving the loan then maybe there's an issue, but unlikely to be criminal, unless you're suggesting something more underhand went on. If there was anything behind these allegations, surely we'd have heard something in 6 months.