The U.K.’s National Crime Agency froze eight bank accounts containing more than a combined 100 million pounds ($121 million), which it suspects are the proceeds of overseas bribery and corruption.
Efforts will be made to recover the money if it’s found to come from, or be earmarked for, activities that break the law, the agency said Wednesday in a statement.
The freezing orders, the largest made under British laws on criminal financing passed in 2017, were granted at Westminster Magistrates’ Court on Aug. 12, the agency said. The orders give the NCA more time to investigate the funds and aren’t a finding of guilt.
The full original article can be found at bloomberg.com