• Privacy policy
  • T&C’s
  • About Us
    • FAQ
  • Contact us
  • Guest Content
  • TLE
  • News
  • Politics
  • Opinion
    • Elevenses
  • Business
  • Food
  • Travel
  • Property
  • JOBS
  • All
    • All Entertainment
    • Film
    • Sport
    • Tech/Auto
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
The London Economic
No Result
View All Result
Home News

Ex Kazakhstan President’s grandson must explain how he paid for £80 million London mansion

The spread in Bishops Avenue, otherwise known as Billionaire's Row, is neighboured by houses owned by the Sultan of Brunei and Richard Desmond

Joe Mellor by Joe Mellor
2020-03-11 10:28
in News
FacebookTwitterLinkedinEmailWhatsapp

The grandson of a former Kazakhstan President must explain where he got the money from to buy a £80 million property in north London, a court heard today.

The palatial spread in Bishops Avenue, Hapstead, otherwise known as Billionaire’s Row, is neighboured by houses owned by the Sultan of Brunei and Richard Desmond.

Nurali Aliyev, 35, his wife Aida and children live in the property, which has an underground swimming pool and cinema.

The National Crime Agency (NCA) has frozen the property’s assets, meaning it cannot be sold or disposed of, due to only the second ever use in Britain of an Unexplained Wealth Order.

UWOs are a new tool that can be used to fight against suspected criminal money invested in property.

The NCA suspects the property was bought with proceeds of crime, as well as another Hampstead home worth £5.7 million as well as two flats in Chelsea, where one man once paid £27 million for a property without fittings in 2004.

Two companies that are based offshore in tax havens and own the properties have applied to have the orders squashed.

Clare Montgomery, acting on the companies’ behalf, said the NCA’s grounds for the order was “tissue thin”.

She said: “This is a classic example of an entirely tissue thin case as to reasonable grounds to suspect facilitated crime coupled with the failure to give full and frank disclosure.

RelatedPosts

Sunak downplays threat from Truss as she draws bigger crowds

Joe Lycett has perfect response as chaos engulfs GB News

PM snubs Channel 4 for GB News interview

Hunt pledges law change to stop de-banking for ‘wrong political views’

“That is a central point that one would have thought the NCA should grapple with before they made this application.”

Ms Montgomery said the NCA only looked at Nurali and his father Rakhat for evidence of spending criminal money on property.

The former president’s son-in-law was found hanged in jail in 2015 after being charged with the murder of two bankers in 2007.

Mother

The barrister said the funding for the properties came from Nurali’s mother, Dariga Nazarbayeva, who she said was economically independent.

Ms Montgomery said: “The NCA completely ignores that there is a woman who is economically active who might have conceivably earned money using her own wits rather than sitting back and taking the money made by her husband or her son.

“The NCA’s case is an extraordinarily patriarchal one. It’s saying: ‘if a man has money, it must come from his father.’.

“If you look at the sources of lawful income it is plain no one gives any thought whatsoever to Ms Nazarbayeva.

“This, in my submission, is either a failure of inquiry or failure of disclosure.”

In a statement issued by her lawyers, the mother has denied any wrongdoing.

Ms Nazarbayeva’s spokesperson said: “She has furnished the NCA with all the information it needed to conclude she has not been involved in any wrongdoing and there was no merit to their case.

“Dr Nazarbayeva wishes to make it clear she has not been party to any wrongdoing and looks forward to the matter being concluded swiftly.”

The NCA will oppose to have the unexplained wealth orders dropped in the hearing today.

Related – 8 out of the 10 biggest tax havens are British territories

Previous Post

UK GDP shows 0.0% growth in three months to January

Next Post

Police saved girl who had been abducted by using stinger device to stop suspects’ car

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

More from TLE

Leaked footage shows Rwandan ambassador slamming UK asylum policy

Calls for Piers Morgan’s head as ‘shagging’ comments resurface

EU ‘bendy bananas’ regulation will be dropped, says Environment Secretary

Laurence Fox apologises to Ava Evans for ‘demeaning’ her

Braverman: Discrimination for being gay should not justify asylum in UK

Eddie Marsan has perfect response to college bully

Jeremy Hunt threatens to slash benefits

Sunak devastated after being shown a word cloud of what people think of him

This is the moment GB News told viewers of Dan Wootton’s suspension

Ken Loach hits out at Starmer in fiery Radio 4 interview

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




← UK GDP shows 0.0% growth in three months to January ← Police saved girl who had been abducted by using stinger device to stop suspects’ car
-->