Britain’s Serious Fraud Office (SFO) has dropped a high profile criminal fraud investigation into the well-known British Pakistani businessman Nisar Ahmed Afzal after investigating an alleged mortgage fraud case of £50 million spanning more than 15 years of investigation in both the UK and Pakistan.
Authorities at the Serious Fraud Office have confirmed that criminal proceedings against Nisar Ahmed Afzal from Birmingham have been closed, his seized assets have been returned to him and he is no longer subject to an arrest warrant and the Restraint Orders (RO).
The Birmingham Mortgage Fraud case became one of the biggest cases of its nature in UK history and Nisar Afzal fled to Pakistan in 2006 at the start of the investigation, alleging that he was wrongly framed in the case in a high profile conspiracy and that he will not get justice in the given circumstances.—Agencies
