Prosecutors are being given more time to value the assets of a crooked South Yorkshire businessman who is serving a prison sentence for a multi-million pound mortgage scam.
They believe Munir Akhtar still owns property which will be worth £1.7 million and could be sold and confiscated under the Proceeds of Crime Act. Investigators also want access to his mansion on Bawtry Road, Bessacarr, Doncaster, to assess its true worth.
The house was said to be worth £1.3 million but Akhtar’s defence team claim its value has dropped to £725,000.
Akhtar, aged 43, was jailed for two years last June for using forged documents and lying about his wife’s income to obtain mortgages worth £2.3 million from 2004-06.
At yesterday’s hearing at Sheffield Crown Court, the judge granted both sides more time to complete their enquiries into Akhtar’s assets.