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Legal Minds

12 August 2014 / by / in , ,

Missing Money

As of 3 April 2014 the amount of outstanding debt in relation to confiscation orders under the proceeds of crime legislation where the CPS was the lead enforcer stood at £501,450,120 (excluding interest), only 31.8% of which has been assessed as recoverable, Reasons for this may include

  • Judges assessing “hidden assets” that are not there.
  • Criminals sending money abroad to states which will not co-operate with the UK authorities.
  • Criminals preferring to serve the default prison sentences imposed, rather than to pay back their  ill gotten gains.
  • The lack of resources allocated to enforcement agencies to enable them to recover the assets to satisfy the outstanding debts.

 

John Bechelet

John specialises in commercial and civil fraud litigation. Admitted as a solicitor in 1983, John worked in private practice and in-house for a leading life assurance company before establishing Bivonas with Antony Brown in 1997. John has extensive experience in a wide range of courts and tribunals including the UK Supreme Court, the Court of Appeal and the Divisional Court. He has been involved in a number of important reported cases.

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