Members of Chambers have represented Defendants in a recent much publicised NCA Civil Recovery case:
Martin Evans QC and Faisal Osman represented a Defendant plus 3 Defendant Companies and Barry Stancombe represented a further Defendant company.
Barry Stancombe, having already set aside a Recovery Order obtained by the NCA on a summary judgment application, successfully settled the proceedings.
Martin Evans QC and Faisal Osman obtained successful settlements for their clients, including the retention of property and the recovery of commercial lending plus interest.
This followed an eight-year investigation by the National Crime Agency (NCA) into an alleged money-laundering racket involving one of Europe’s most notorious drug smugglers, the Russian state and hundreds of millions of pounds. Investigators suspected that their target (not represented by Chambers) had “amassed considerable wealth” through “unlawful conduct” but had put his assets in the names of others. £6m worth of assets are now subject to a Civil Recovery Order - Eleven properties will be handed over including an award-winning boutique hotel and brasserie plus property in prime London locations.
The alleged money-laundering scheme first came to light during an NCA investigation into luxury car salesman Amir Azam, who was jailed for life in the United Arab Emirates after being convicted of drug trafficking. That investigation recovered about £4m in assets.
Recent cases have shown that upon receipt of appropriate evidence and legal representations the NCA may be prepared to reach settlements without costs rather than proceed to a fully contested trial. This more recent commercial approach by the NCA allows for the barristers at 33 Chancery Lane to utilise their specialist POCA legal knowledge and civil law expertise in order to ensure the best outcome for those facing Civil Recovery proceedings brought by the NCA or other prosecuting agencies.