Unexplained Wealth Orders

(asked on 8th October 2018) - View Source

Question to the Home Office:

To ask the Secretary of State for the Home Department, how many Unexplained Wealth Orders have been issued since the start of the summer recess; and how many of those orders were issued in relation to wealth derived from Russia.


Answered by
Ben Wallace Portrait
Ben Wallace
This question was answered on 16th October 2018

Three UWOs have been applied for, and all granted, since the UWO power came into force in January. The UWOs concern two assets under one investigation in relation to Azerbaijan.

The two assets are a golf club in Ascot and residential property in Knightsbridge. The combined purchase price of the assets was £22 million. Interim freezing orders have also been obtained against the properties, so they cannot be sold. The Home Office continues to work with law enforcement agencies to develop the use of UWOs.

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