Pakistani businessman ‘laundered £37m’

A businessman arrested as part of a counter terrorism investigation into money laundering worth £37m has been remanded in custody. Hussain Farid, 35, was arrested on Wednesday (9) at his home of Wembley, northwest London. Wearing a light green hoodie Farid appeared at Westminster Magistrates’ Court. The Pakistani national, who was living with his parents, indicated not guilty pleas to two counts of money laundering dating between 2017 and March 2025. Frances McCormack, prosecuting, said: ‘The defendant transferred cash between…