Cash seized from £2m mortgage con man Faruk Al Haidary
A man who carried out a £2m mortgage fraud has been ordered to hand over £65,600 under proceeds of crime laws.
Faruk Al Haidary, 47, was jailed for 30 months earlier this year after he admitted carrying out the scam.
Glasgow Sheriff Court heard how Al Haidary, from the city's Dennistoun area, used false P60s, wage slips and driving licences to buy houses.
He obtained £2,175,142 between 2004 and 2007 leading to losses of £587,964 incurred by the lenders.
Following the confiscation order, Lindsey Miller, head of the Serious and Organised Crime Division described Al Haidary as being part of a "sophisticated criminal enterprise".
She said: "The number of mortgage frauds committed by the accused as part of this scheme, make this a lifestyle offence under the Proceeds of Crime Act, therefore the Crown was able to look at all of Al Haidary's income over the six years preceding his arrest.
"The court found that £2,378,740 of his income during this time could not be accounted for legitimately.
"We are satisfied that the £65,600 confiscation order represents the amount of money available to us from Al Haidary at this time."