Court orders seizure of counterfeit underwear seller’s £90m assets

Ferrari and property owned by Arif Patel, tax fraudster who has been on the run since 2011, will be sold at auction

A self-styled clothing tycoon who sold counterfeit socks and pants while operating an extensive fraud ring will have all his UK assets seized after the Crown Prosecution Service won a court order to confiscate up to £90m worth of property and luxury cars.

Arif Patel, 57, from Preston, Lancashire, who has been on the run since 2011, will have homes and business premises he owned taken from him after a confiscation order granted by a judge at Chester crown court on Thursday.