POCA proceedings – Hidden Assets issue
Reference: DP018
Appointment Type: Party appointed expert
Service Area: Criminal and Regulatory
Industry: Not applicable
Litigation Type: Criminal
Size of Case: £10 million upwards
Defendant pleaded guilty to cheating the public revenue and conspiracy to commit money laundering. The defendant was part of a Berkshire OCG responsible for large scale laundering of the proceeds of VAT “missing trader” fraud predicated on alcohol diversion fraud. Defendant was sentenced to 5 years and 2 months imprisonment and was made subject of POCA proceedings. Prosecution asserted that defendant had “Hidden Assets”, namely property assets in the UAE – we were asked to consider the issue of the hidden assets and to determine if such hidden assets existed based on the evidential material provided.