28/11/13

Defendant saved from having to pay £20m hidden asset Confiscation Order – instead ordered to pay £9k

Share

Kangs Solicitors represented a client in respect of Confiscation Proceedings relating to a drugs conspiracy that the Prosecution valued at £20m.

The Prosecution asserted that our client had hidden assets outside of the jurisdiction however could not place a value on those assets and therefore asked the Court in their statement to consider making a confiscation order in the amount of the Benefit (£20m).

Following two very comprehensive responses to the Prosecutor’s Statement, we were able to obtain a very favourable result for the client.

The benefit figure was reduced by just under £19m and realisable asset figure was eventually agreed at approximately £9k. Most importantly there was no finding of hidden assets and the Court made a confiscation order in the amount of approximately £9000.

News insights, Serious Fraud, Services
A former Labour MP, Jared O’Mara, has received an immediate custodial sentence of four years having been found guilty, following his trial, of six counts of fraud relating to false expenses claims for work that he never carried out in respect of jobs that did not even exist. For further Press details please follow the […]
07/03/23
Criminal Litigation, News insights, Services
Kangs Solicitors has recently successfully defended a client facing an allegation of assault occasioning actual bodily harm arising from an incident forced upon him whilst he was simply conducting his  business, running a restaurant in London’s West End, when confronted with an unsavoury situation. Kangs Solicitors was instructed from the onset attending the interview under caution at Charing […]
06/03/23
Insolvency, News insights, Services
Kangs Solicitors has been instructed to defend claims against our client alleging breaches of Section 212 and 213 of the Insolvency Act 1986. The claims are being brought by the joint liquidators of our client’s company on the basis that our client allegedly knew that he and his company were participating in ‘Missing Trader Intra- Community’ Fraud’ […]
01/03/23

Get in touch

Need legal assistance? Contact our experienced team for prompt and professional support.
Your privacy is important to us and all details you share will be kept confidential.