Hundreds of properties could be seized in UK corruption crackdown

[Wadaich]

Hundreds of British properties suspected of belonging to corrupt politicians, tax evaders and criminals could be seized by enforcement agencies under tough new laws designed to tackle London’s reputation as a haven for dirty money.

Huge amounts of corrupt wealth is laundered through the capital’s banks. The National Crime Agency believes up to 100bn of tainted cash could be passing through the UK each year. Much of it ends up in real estate, and in other assets such as luxury cars, art and jewelery.


The criminal finances bill, published on Thursday, is designed to close a loophole which has left the authorities powerless to seize property from overseas criminals unless the individuals are first convicted in their country of origin. It will introduce the concept of “unexplained wealth orders”. The Serious Fraud Office, HM Revenue and Customs and other agencies will be able to apply to the high court for an order forcing the owner of an asset to explain how they obtained the funds to purchase it.

The orders will apply to property and other assets worth more than 100,000. If the owner fails to demonstrate that a home or piece of jewellery was acquired using legal sources of income, agencies will be able to seize it.

[video]https://www.theguardian.com/business/2016/oct/13/properties-seized-assets-corrupt-cash-crackdown-criminal-finances-bill-tax-haven?CMP=share_btn_tw&utm_content=buffer24d9f&utm _medium=social&utm_source=twitter.com&utm_campaign =buffer[/video]

 

[dingdong]

Yani Nooray Butt daay ba wazooo Sandaaay v warr gaiy Alhamdolillah

 

[Annie]

Sounds Brilliant, If that takes place I strongly think British HM revenue will never accept Qatri letter to cover sharif's dirty money trail.
They will dig all the tax return of Sharif's sons, income and everything.
They could be in the deep hole. I wish ...

 

[Solidify]

This is excellent if local authorities fail to put an end to corrupted politicians, than let the British government take care of them -by Scotland Yard !

 

[arafay]

London housing market has gone outside the reach of UK citizens because black money from all over the world has entered london real estate.

 

[Dawood Magsi]

Nooora Technical ****** hai Yeh London ki properties sell kar k kissi aor mulk main paisa jama kar ley ga par Pakistani Awwam ko wapas nain karay ga aakhir iss ki 35 Saal ki mehnat ka Nateeja hai jo iss nain lootnay main lagaya hai.
Aik andazay k Mutabiq iss k paas kam az kamm $10 Billion ka Maal hai

 

[Raaz]

یہ پانامہ کیس اگر نواز کے خلاف ہوتا ہے تو برطانیہ میں بھی انکے خلاف انوسٹیگیشن شروع ہو جاۓ گی

کیوں کہ انہوں نے برٹش سسٹم کو بھی نقصان / چیٹ کیا ہے

شاید مریم اسی سلسلے میں گئی ہے
ان کو پاکستان میں حکومت کی فکر نہی ہے ، تبھی کوئی سبوت نہی دیئے

ان کو اپنے حرام کے مال کی فکر ہے جو ساری عمر میں میاں شریف اور اسکی اولاد نے کمایا

کاش کہ یہی محنت ٹھیک راستے پر کی ہوتی ، مال تو اتنا ہی ملنا ہے جتنا مقدر میں ہوتا ہے

 

[1mr4n]

please French and uk economy runs on black money if they went after like Nawaz sharif Saudis Russians 24 hours later it will be bank corrupt
Cash is king any currency they love to ve them