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UK Investigators Freeze Record Sum in Corruption Probe

By Koos Couvée

Investigators with the U.K. National Crime Agency, or NCA, have secured permission to freeze more than £100 million in eight bank accounts on suspicion that the funds derive from overseas bribery and corruption, the agency disclosed Wednesday. The account freezing orders, which Westminster Magistrates Court in London granted Monday, authorize the largest temporary restrainment of suspicious funds to date under the Criminal Finances Act 2017. Another £20 million in assets tied to the case was frozen in December, according to the NCA, which did not identify the suspects or the banks involved. Investigators can hold the funds for up to...

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