A property entrepreneur who was jailed over a mortgage and benefits scam has been told he must pay back more than £35,000 or face another year in jail.
Father-of-four Shazad Arshid, 38, was jailed in February last year after he masterminded the scam which involved fraudulent mortgage applications for properties in Huddersfield and Bradford.
Arshid, of York Avenue, Fartown, was sentenced to 32 months in prison, but he walked into Bradford Crown Court having been released from custody and was told he could find himself back behind bars if he did not comply with terms of confiscation order made under the Proceeds of Crime Act.
Judge Colin Burn was told that an inquiry into Arshid’s finances had revealed that his benefit figure from criminal conduct amounted to £60,000.
But Arshid currently has realisable assets totalling just £35,881.08 and he must repay that sum within six months.
The judge said Arshid could apply for longer to pay back the money, but if he did not comply with the order he faced a default period of 12 months in prison.
Arshid, who ran a legitimate property business, used false income and employment details on the mortgage applications and got associates to act as prospective purchasers.
He admitted conspiracy to defraud Kirklees Council in relation to housing benefits as well as further charges relating to various mortgage applications.
At Arshid’s sentence hearing last year his lawyer Rachim Singh stressed that it was not a case involving the disappearance of a large sum of money which was used to fund “a lavish lifestyle of expensive cars or holidays”.
Mr Singh said Arshid was a man of exemplary previous character who had helped drug addicts and the homeless with accommodation.
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