Used car dealer consents to hand over cash and property worth £1.14 million (€1.35 million) to NCA
A used car salesman has consented to turn over to the UK's National Crime Agency a property portfolio and money totalling £1.14 million (€1.35 million) (NCA).
A Civil Recovery and Tax investigation into the man's purchase of a portfolio of ten properties led to the decision.
The settlement consists of five rental properties, a mansion in Spain, a property with the potential to build eight homes, and £249,241 (€296,123) in cash that is kept in a bank account.
The NCA claimed in front of the High Court that Peter Grubisic had been involved in "serious criminality" for thirty years. The "importation and supply of drugs, money laundering, fraud, and tax evasion" were all included in this.
Additionally, the NCA claimed that Grubisic was associated with "serious organized criminals" both domestically and abroad, including in the Netherlands and Spain.
The organization found that Mr. Grubisic used his auto dealership and real estate development companies to hide the proceeds of his "illegal conduct."
Additionally, it was determined that his declared income was insufficient to cover his real estate purchases and "luxury lifestyle," which included numerous business class trips to South America.
"Taking proceeds of crime off individuals such as Grubsic can have a significant impact for the local area," said Rob Burgess, Head of Civil Recovery at the NCA.
Mr. Burgess also said: "Through this work we have sent a clear message to the community that no one is above the law, while simultaneously taking away his ability to enjoy the proceeds of crime."
By fLEXI tEAM