Tycoon Zahid Khan increases reward to £40K following arson attacks at his tyre-fitting business

A tycoon who is being forced to sell his home after his tyre-fitting business was set on fire has increased the reward for any information leading to the arrest and conviction of the people responsible to £40,000.

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Zahid Khan, 30, had initially offered £25,000 but after no information has come forward he has now upped the reward to £40,000 and is sending out a message to the people responsible saying: “don’t be so cowardly man up and face me.”

The tyre-fitting business, Bulls and Horses Auto Centre on Stratford Road, Sparkhill, was set alight by arsonists who struck in the early hours of February 12 causing £100,000 worth of damage and destroying important business related documents.

It is not the first time the self  made millionaire has been targeted, almost two years ago he was ambushed by his friends as he sat in his £250,000 Rolls Royce.

They demanded his relatives pay a ransom of £10,000 for his release.

Four men were later jailed for a total of 41 years for blackmail and firearm offences after the kidnap plot.

Since the last attack, Mr Khan has put his £700,000 home in Moseley up for sale to move to a safer location.

After the attack Mr khan told the Birmingham Mail: “This was a cowardly act. I say to the people responsible don’t be so cowardly man up and face me. I want to know who is responsible for these attacks on my business.

“That is why I am increasing the reward from £25,000 to £40,000. If anyone does have any information about who may be responsible please contact police. Whoever did this to me needs to be brought to justice.”

The arsonists first tried to torch the business at around 9pm February 12, breaking a window and then trying to start a fire using newspapers but failed. They returned a few hours later and this time managed to set the building alight.

People with information can call police on 101 or Crimestoppers on 0800 555111.

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