28/11/13

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

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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.

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