London To Seize Dirty Russian Oligarch Assets

February 3, 2018, Written by

Written By RFERL





London To Seize Dirty Russian Oligarch Assets
Image by Creative Commons

Russian oligarchs suspected of corruption will be forced to explain their wealth in Britain, The Times newspaper reported on February 3, quoting the security minister.

Officials are preparing to use new orders, which came into effect this week, enabling them to seize suspicious assets until those under investigation can properly account for their acquisitions, Security Minister Ben Wallace told The Times.

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Wallace said the government would use powers to freeze and recover property if individuals cannot explain how they acquired assets over $70,000.

“When we get to you, we will come for you, for your assets, and we will make the environment that you live in difficult,” Wallace said…

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