SFO to review forfeiture in £ 740million mortgage fraud case

Law360, London (September 8, 2021, 5:12 p.m. BST) – The man who orchestrated Britain’s biggest mortgage fraud on record worth £ 740 million ($ 1 billion) will be the target of ‘a new confiscation procedure by the Serious Fraud Office in January, the agency confirmed during a hearing on Wednesday.

The SFO is seeking to increase its £ 3.25million confiscation order imposed on Achilleas Kallakis in 2013 by £ 92,500 using section 22 of the Proceeds of Crime Act 2002. This allows prosecutors to ask the court to reconsider the available amount of a forfeiture order. The news came during a case management hearing at Southwark Crown Court.

The article applies in cases where there is a disparity between …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific case articles and topics and more!


Source link

Leave A Reply

Your email address will not be published.