Clause 69 - Powers of court and receiver

Part of Proceeds of Crime Bill – in a Public Bill Committee am 2:45 pm ar 29 Tachwedd 2001.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Bob Ainsworth Bob Ainsworth The Parliamentary Under-Secretary of State for the Home Department 2:45, 29 Tachwedd 2001

I sort of knew that the hon. Gentleman did not own The Spectator, but I thought that he should be drawn into our conversation and involved a little more in our proceedings.

I understand the anxieties of the hon. Member for Beaconsfield about compensation, and we shall discuss some of the issues involved later. Using restraint early will be absolutely necessary if we are to be effective, because of the possibility of dissipation. We run the risk of placing too many hurdles in the way of its use, and thus of ensuring that it is not used. That must be borne in mind, too.

The management receiver will have responsibility for taking care of the assets that have been transferred to him. Admittedly it is possible that he will not manage them as effectively as the original owner would have done, resulting in a loss. The original owner may subsequently be acquitted of the charges against him and feel that the loss is unjust. However, the managing receiver may manage affairs in a way that realises a lot more gain than the owner would ever have received. That gain would go to the owner on acquittal. We are discussing criminal proceedings. I understand the point that the hon. Member for Beaconsfield makes, but we must keep in mind the necessity for the measures in the Bill to be effective.