Hugo Lodge successfully challenges confiscation order in £60 Million money laundering case at the Old Bailey

Hugo Lodge, instructed by Jag Brar at Richmond and Barnes solicitors, successfully challenged an order made in 2021, where the defendant in a money laundering trial had benefited from criminal conduct in the sum of £59,827,230

D had been convicted of laundering the profits from an excise diversion fraud described as being very sophisticated, involving cash couriers, the use of shell companies, and false recording of documents.

Successfully arguing ‘inadequacy’, (under section 23 POCA 2002), before the Recorder of London, Hugo Lodge was able to reduce the amount payable to a little over half a million pounds sterling. The POCA application, which heard live evidence from parties and experts, had a four day listing at the Central Criminal Court, Old Bailey.