AKIPRESS.COM - A country estate has been sold for £25 million after it was seized from a fugitive Kazakh billionaire believed to be hunted by gangsters, it has emerged.

Mukhtar Ablyazov, alleged to have siphoned off £3.2 billion of bank assets in one of the biggest frauds of its type, was convicted of contempt of court in 2012 by a High Court judge, reports The Telegraph.

The businessman was found to have lied about owning Oaklands Park, a 100-acre estate in Surrey with a 12,000 sq/ft main home and four further cottages.

But a judge said a prosecution had proved Oaklands Park and another mansion in Hampstead were his and the properties were seized so they could be sold to pay creditors.

Despite an arrest warrant issued and airports told to keep an eye out, Ablyazov managed to evade authorities and flee the UK.

His Surrey mansion, formerly owned by American tech tycoon Michael Dell, has a palatial main home boasting has six main bedroom suites, five reception rooms and an indoor swimming pool.

It was put on the market in with Savills in September 2013 for £25 million and was sold this month.

A spokesman for Savills, which was acting on behalf of the receivers, KPMG, declined to comment on the sale.

But at £25 million, it is among the biggest known deals to be struck outside the M25.

The sale is yet to be logged with Land Registry, and it is unknown whether the property was bought by a company or an individual.