A wealthy individual recently failed in an attempt to have discharged an Unexplained Wealth Order (‘UWO’) granted in favour of the National Crime Agency (the ‘NCA’).
For our previous article on UWO’s please follow this link.
Suki Randhawa of Kangs Solicitors comments upon the proceedings.
The Circumstances | Kangs Financial Fraud Solicitors
- The Appellant’s husband had been convicted of various fraud matters and the NCA had obtained a UWO seeking further details surrounding a property purchased in the UK in 2009 for eleven and a half million pounds via a company incorporated in the British Virgin Islands (‘the foreign company’).
- In other proceedings, in which the Appellant sought Indefinite Leave to Remain in the UK, she informed the Home Office that she was the beneficial owner of the foreign company.
- The Appellant sought to discharge the UWO unexplained wealth order but the judge rejected such Application and the Appellant also failed with her Appeal.
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