Bank accounts holding over £ 400,000 have been frozen under anti-terrorism laws.
The accounts, with funds totaling £ 418,166.36, can only be touched at the end of September at the earliest after the Lancashire Police Economic Crime Unit brought the case to light in court.
The accounts were first frozen in January 2021 under the Counter Terrorism, Crime and Security Act 2001 and in late June the Preston Magistrates’ Court granted a request for freezing of funds for a further period of three months.
The large sum of money came from two different accounts under the name of Sajed Karmadia, 34, from Frenchwood Avenue in Preston.
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Funds from Karmadia accounts are now in a miscellaneous account – where miscellaneous income is reported – at Barclays Bank.
Following the modification of the court order, the funds will not be available until September 28 at the earliest.
This was after the account was first frozen in January 2021 under the 2001 Combating Terrorism, Crime and Security Act.
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