Part of Proceeds of Crime Bill – in a Public Bill Committee am 4:45 pm ar 27 Tachwedd 2001.
Mark Field
Ceidwadwyr, Cities of London and Westminster
4:45,
27 Tachwedd 2001
Does the Minister not agree that we have already examined investments, which would clearly be caught? Likewise, the Bill contains a provision on interest. What does the Minister envisage would be caught by subsection (11)? No doubt, when examining investment, there would be a freeze on various guilty defendants' accounts on which a confiscation order was made. I appreciate the time that would be taken between the freezing of an account and a final judgment and reconsideration of benefit. We may say that interest has accrued over a matter of months or years on a defined account, and there may have been a range of investments that, dare I say—
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