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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.