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He admitted possessing £1,338,535 that had been obtained by fraud.
Faruq Ahmad was arrested in Greece after an international manhunt and extradited to Scotland.
KEY POINTS
- 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
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