Money Laundering

Part of Oral Answers to Questions — Treasury – in the House of Commons at 10:30 am on 26 October 2006.

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Photo of Edward Balls Edward Balls The Economic Secretary to the Treasury 10:30, 26 October 2006

As I said, we have applied the order in exactly the right way. The assets of that individual have been frozen from the beginning. There has been no transfer of resources to him. The transfer of property, which was discussed between ourselves and the police, was not an illegal act. That transfer has now been frozen in order that we can recover legal costs. We strengthened our position in the case a few weeks ago. I ask the hon. Gentleman to look at the facts in more detail before he makes such accusations. I can tell him that he is quite wrong in all the things that he said.