A businessman jailed for selling counterfeit goods has been ordered to handover nearly £80,000 of illegal earnings.

Ali Riza Bozdag was jailed for 18 months last year after being found guilty of eight counts of selling counterfeit washing powder, shampoo and conditioner through his company, Red and Blue London Trading Ltd, in Argall Avenue, Leyton.

Bozdag, previously of Reedham Close, Tottenham, was reported to Trading Standards in 2013.

Officers received information that a consignment of 2,640 boxes of fake washing powder destined for his business had been intercepted by customs.

A month later Waltham Forest Trading Standards officers visited the company premises and Bozdag was arrested.

Under the Proceeds of Crime Act 2002, Bozdag appeared at Snaresbrook Crown Court on February 9.

During the hearing, he agreed with Waltham Forest council that he earned £123,000 from crime.

However, the council’s financial investigator could only locate £79,432 in current assets.

The judge ordered Mr Bozdag to pay £43,000 immediately, with the balance to be cleared within six months.

If Mr Bozdag fails to pay in the timeframe set out by the court, a default prison term of 18 months will be imposed.

Under Proceeds of Crime legislation, Mr Bozdag would then still have to pay up on release from prison.

He was also ordered to pay Costs of £17,800 to Waltham Forest council within six months, meaning he will need to hand over a total of £97,232 by August 2015.

Councillor Clyde Loakes, deputy leader and cabinet member for environment, said: “This is the latest in a series of recent Proceeds of Crime proceedings we have instigated and seen to a successful conclusion.

“It is really important that criminals are not only put before a Court for due punishment, but are also pursued for the monies they accrued as a result of their criminal activities.

“In this case he ended up behind bars, and he had his bank account wiped out. I hope this serves as a warning to others – crime does not pay.”