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NCA Can't Seize Assets In £6.5M Mortgage Fraud Suit

Law360, London (January 7, 2019, 11:48 PM GMT) -- A London judge has refused to let the National Crime Agency seize some £6.5 million ($8.3 million) in property in connection to an alleged mortgage fraud scheme involving a Hong Kong company, ruling that central questions tied to ownership and payment for the assets will have to be decided by a jury. 

Sitting as a High Court judge, Deputy Master Henrietta Hill QC on Friday shot down the NCA's bid to recover assets from Towerdene Estates Ltd. that the agency says is tied to a money laundering and mortgage fraud case. 

Although the agency had alleged that the properties were bought using criminal proceeds...

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