Clause 10 - Available amount

Part of Proceeds of Crime Bill – in a Public Bill Committee am 12:45 pm ar 20 Tachwedd 2001.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Ian Davidson Ian Davidson Labour/Co-operative, Glasgow Pollok 12:45, 20 Tachwedd 2001

That is true. However, difficulties will arise if the concept of interlocking transactions that the hon. Gentleman raises becomes a reality. Presumably, if that happens, the only transactions that will come to light are those that the criminal who is being convicted brings forward, and the balancing contracts might not be produced at all if villains were to lend each other money. That would be a deliberate attempt to distort, and it would be difficult to gainsay.

Given that we are dealing with people who are, in many cases, pillars of the community, and who have lent money and engaged in transactions with other—alleged—pillars of the community, the scope for obfuscation is considerable. The amendment under discussion is almost certain to result in the opening up of an enormous number of loopholes—although I am sure that that is not the intention behind it.