NCA Defends Wealth Order Against Ex-Kazakh Prez's Family
Law360, London (March 11, 2020, 6:55 PM GMT) -- Prosecutors defended the National Crime Agency's decision to seize three London homes owned by relatives of Kazakhstan’s former president under unexplained wealth orders, arguing Wednesday that it was “a classic case” for the U.K.’s new anti-corruption powers.
The NCA battled the latest High Court challenge to new powers from the offshore shell companies that own the properties — worth an estimated £80 million ($103 million) — that investigators maintain are ultimately controlled by Kazakhstan's autocratic former "president for life" Nursultan Nazarbayev, who stood down last year after three decades in power.
The orders allow investigators to freeze assets if they suspect they...
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