NCA investigates how owner afforded £80m London homes

[saadi038]

Three London homes worth more than £80m have been frozen by the High Court in the second-ever use of anti-corruption orders to stop foreigners laundering cash in the UK.

The Unexplained Wealth Orders (UWOs) were sought last week against a foreign official who was not named in court.

The National Crime Agency has demanded that the subject of the probe explains the source of their wealth.

The homes cannot be sold or given a new owner until the investigation is over.

The properties are held by offshore companies.

UWOs are a new anti-financial crime power targeted at foreign government officials and their families from outside the European Economic Area (EEA) who are believed to have laundered stolen money through British property.

If the suspect - known as a "politically exposed person" - cannot explain the source of the wealth, the NCA can ask the High Court to order the homes' seizure.

The measure aims to target people who have committed huge frauds and embezzlements abroad where there is little or no chance of obtaining the evidence to convict them in a British court.



https://www.bbc.co.uk/news/uk-48438014

 

[Hate_Nooras]

How ‘McMafia’ wife Zamira Hajiyeva spent £16m at Harrods

Three London properties worth more than £80 million have been frozen by anti-corruption investigators using their powers to combat McMafia-style financial crime. The homes are owned through offshore companies by a foreign national described last night by the National Crime Agency (NCA) as a “politi

www.thetimes.co.uk

Three London properties worth more than £80 million have been frozen by anti-corruption investigators using their powers to combat McMafia-style financial crime.

The homes are owned through offshore companies by a foreign national described last night by the National Crime Agency (NCA) as a “politically exposed person believed to be involved in serious crime”
Unexplained wealth orders (UWOs) were granted at the High Court preventing the owner, who has not been named, from selling or transferring the properties until they can prove that their fortune was legally obtained.

It is the second time that the NCA has used the orders. They were imposed last year on an £11 million Chelsea house and a £10 million golf course in Berkshire owned by Zamira Hajiyeva, wife of a jailed Azerbaijani banker.

Court papers obtained yesterday by The Times and other media organisations revealed details of how Ms Hajiyeva, 55, spent £16.3 million at Harrods from 2006 to 2016. This included more than £6 million on jewellery, more than £2 million on clothes and £36,000 on Godiva chocolates. She has denied any wrongdoing.
Five law enforcement agencies have been able to seek the orders since February last year but they have been used only by the NCA. They have been cloaked in secrecy, with the media fighting through the courts to identify Mrs Hajiyeva and expose her spending.

Robert Barrington, of Transparency International, said that there were 150 cases where British properties worth £4.4 billion had been bought with suspicious wealth but enforcement action in only two. “That represents progress, but is still an insufficient response to the magnitude of the problem,” he said

 

[Glock]

And they still haven't asked the Sharifs?

 

[vicahmed99]

Bullshit.............UK is land of black money holder and they support them

 

[disgusted]

And they still haven't asked the Sharifs?

When it is politically expedient then even Altaf Gandu is also spared.

 

[bigfoot]

very interesting

 

[Wake Up Pakistan]

BAKWAS BULL SHIT DRAMA

 

[shafali]

Three London homes worth more than £80m have been frozen by the High Court in the second-ever use of anti-corruption orders to stop foreigners laundering cash in the UK.

The Unexplained Wealth Orders (UWOs) were sought last week against a foreign official who was not named in court.
The National Crime Agency has demanded that the subject of the probe explains the source of their wealth.

The homes cannot be sold or given a new owner until the investigation is over.

The properties are held by offshore companies.

NCA investigates how owner afforded £80m London homes

UK investigators use anti-corruption orders to demand the source of a foreign official's wealth.

www.bbc.co.uk