#GEOBREAKINGNEWS - MQM leaders fight over two houses worth £2m - 08 April 2019 | #GEONEWS
LONDON: The founder and leader of the Muttahida Qaumi Movement (MQM) Altaf Hussain is entangled in a nasty assets dispute with two former loyalists Muhammad Anwar and Tariq Mir over the ownership of two expensive properties in Edgware.
The dispute involves the ownership of two properties: 185 and 221 Whitchurch Lane, Edgware. 185 is a five-bedroom property and 221 is a four-bedroom property. Both properties are worth around £2 million.
The News has seen land registry evidence which shows that both 185 and 221 have Muhammad Anwar and Tariq Mir as the title holders for both properties, registered with the HMRC (Her Majesty’s Revenue & Customs) in their name.
But the legal papers related to the same properties have Altaf Hussain and the MQM as the “beneficiaries” on the restrictions section which means that the ultimate beneficiaries of these properties, if sold or leased, will be the MQM founder and the MQM.
And that’s where the legal dispute and the trouble comes in when viewed in context of the English laws governing the ownership of properties and assets. Altaf Hussain and the MQM can become beneficiaries only if Muhammad Anwar and Tariq Mir willingly and voluntarily let go off these properties by transferring the title deeds to the names of Altaf Hussain and the MQM or any individual or entity nominated by them.
In the case of refusal by thetitle holders to shift or transfer the names of title holders, Altaf Hussain and his party will be unable to either sell these properties or get transferred on their names.
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