Assets Recovery Agency

Northern Ireland written question – answered on 19th January 2005.

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Photo of Sylvia Hermon Sylvia Hermon Shadow Spokesperson (Women), Shadow Spokesperson (Trade and Industry), Shadow Spokesperson (Culture, Media and Sport), Shadow Spokesperson (Home Affairs)

To ask the Secretary of State for Northern Ireland how much the Assets Recovery Agency has recovered from (a) Loyalist and (b) Republican sources in each year since its formation; and if he will make a statement.

Photo of Ian Pearson Ian Pearson Parliamentary Under-Secretary, Northern Ireland Office

As at 10 January 2005, 15 cases relating to individuals believed to have links to loyalist groups and 12 cases relating to individuals believed to have links to republican groups have been referred to the Assets Recovery Agency. A further 25 cases relating to individuals from a general criminal or organised criminal background have also been referred.

Of those referrals, 39 cases are in assessment, under active investigation or under settlement and it is not appropriate for the Government to comment on ongoing investigations. Funds will be recovered when proceedings have successfully concluded and assets liquidated. The agency has frozen around £3.5 million of assets in a total of nine cases, including the Johnson case, which involves £1.25 million worth of assets, and is being liquidated.

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