Leicester Crown Court heard the Bukharis “lured” Mr Hussain to a meeting in a Tesco car park, saying he would be given back £3,000 he claimed to have spent on his lover during their relationship.
They planned to take his mobile phone from him, believing it contained explicit images of Ansreen, which he had threatened to reveal.
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However Mr Hussain and his friend Mr Ijazuddin were then ambushed by a masked gang, recruited by the Bukharis, and chased in their Skoda Fabia along the A46 at speeds of up to 90mph by a Seat Leon and Audi TT - before crashing into a tree in a ball of flames.
Judge Timothy Spencer KC said: "The prosecution categorised this as a story of love, obsession and extortion and they are right.
“They were also right in categorising this case as one of cold-blooded murder.”