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 Travel Trade 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 Travel Trade.
More InformationIRVINE, California: In an effort to cut costs in preparation for an industry-wide price war, electric vehicle manufacturer Rivian Automotive, ...
SANTA CLARA, California: One week after Intel forecasted lower-than-expected sales caused by a loss of market share to rivals and ...
WASHINGTON D.C.: As part of a wider policy drive to increase competition in consumer markets, President Joe Biden has announced ...
OSLO, Norway: Ending a three-year run of profits as stock and bond prices were hit by rising inflation and Russia's ...
NEW YORK, New York - Strong economic data failed to stem profit-taking on the major U.S. bourses on Friday, while ...
WASHINGTON D.C.: The US has again asked Mexico to investigate claims that workers at an auto parts facility of American ...
DUBLIN, Ireland: Dublin Airport was briefly shut down on Friday after a drone was discovered flying within its airspace.Officials diverted ...
WASHINGTON D.C.: In a letter to lawmakers last week, the US Federal Aviation Administration (FAA) said it had put in ...
NEW DELHI, India: Marking a year since the Tata Group took control of Air India, the former state-run carrier has ...
NEW YORK CITY, New York: After reporting record revenues in the fourth-quarter of 2022, US airlines expect strong travel demand ...
By Reena BhardwajWashington [US], February 5 (ANI): US President Joe Biden said that the mission to shoot down a suspected ...
Guwahati (Assam) [India], February 5 (ANI): Assam Governor Prof Jagdish Mukhi, who was on his visit to the Tinsukia district ...