Robert Besser
29 Nov 2022, 03:38 GMT+10
LONDON, England: The UK National Crime Agency has obtained a civil recovery order for some $65 million of suspected criminal property held in Barclays Bank.
The money is likely "the proceeds of unlawful conduct," the National Crime Agency's lawyers told London's High Court.
According to court documents, Andrew Sutcliffe, representing the National Crime Agency, said that the agency will establish a claim scheme to allow the owners of the suspect account to request the return of the money, if they can prove that it is not criminal property.
Judge Robin Knowles said he was prepared to make the civil recovery order "without hesitation."
In response, Barclays Bank stated, "We welcome the High Court's ruling, which enables the funds to be transferred to the National Crime Agency to support further their efforts in stopping fraud and economic crime."
Adrian Searle, director of the National Economic Crime Centre at the National Crime Agency, said, "The money will be credited to the public purse and a portion used to fund a range of work, including programs designed to prevent fraud and protect potential victims," as quoted by Reuters.
Get a daily dose of Texas Guardian news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Texas Guardian.
More InformationThe Denver Nuggets hope to capitalize on an advantage given them by the NBA schedule-maker when they host the travel-weary ...
The Cleveland Cavaliers look to bounce back from a rare home loss when they host the Memphis Grizzlies on Thursday. ...
The Boston Celtics didn't do much wrong in the opening quarter and breezed to a 139-96 home victory over the ...
Dejounte Murray recorded 21 points, eight assists and six rebounds and the Atlanta Hawks never trailed while drubbing the host ...
Lauri Markkanen scored 28 points and grabbed 13 rebounds and rookie Walker Kessler had a big game on both ends ...
Los Angeles Dodgers CEO Stan Kasten and president of baseball operations Andrew Friedman expressed no regrets Wednesday about the team's ...
TOKYO, Japan: In a statement posted on the website of the Chinese Embassy in Tokyo, Beijing announced that it will ...
NEW YORK, New York - The U.S. dollar crumbled on Thursday after first posting gains. The late afternoon sell off ...
NEW YORK, New York - Wall Street dove into the red Wednesday after the U.S. Federal Reserve Open Market Committee ...
WASHINGTON D.C.: In the latest indication that its interest rate hikes are slowing the US economy, the Federal Reserve's main ...
BEIJING, China: As COVID-19 restrictions and a slowing economy curbed consumer demand in 2022, China's smartphone sales witnessed a record ...
TOKYO, Japan: After struggling for years to promote its products amid protests from conservationists, Japanese whaling company Kyodo Senpaku announced ...