# He admitted possessing £1,338,535 that had been obtained by fraud.

*business · news · 2026-04-09 · Daily Record*

## Key points

- Faruq Ahmad was arrested in Greece after an international manhunt and extradited to Scotland.
- Ahmad admitted transferring £1,150,000 from his company's account to a Dubai-registered entity.
- The fraud originated from a Hertfordshire house sale where £1.3 million was diverted to Ahmad's company.
- Authorities have not established how the fraud was committed or who the ultimate beneficiary was.

**Companies:** Strathmore Wholesaling Limited
**Countries:** Greece, Scotland, United Kingdom, Dubai

[Read the full story on Daily Record](https://www.dailyrecord.co.uk/in-your-area/lanarkshire/dad-whose-drinks-company-linked-36985505)

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