Dimapur, May 16 (MExN): The Nagaland Unit of Anti-Corruption & Crime Investigation Front has hailed a recent law passed by Britain which, it claimed, allows the “seizure of homes from foreigners who cannot explain how they paid for them.”
According to media report, a measure in the Criminal Finances Act, which became law on April, would enable enforcement agencies to seize and if necessary sell the properties, returning the funds to the nation involved.
Considered a significant step toward exposing “dirty money in the London property market this week,” Anti-corruption campaigners hailed the “unexplained wealth orders” as a potentially game-changing tool to stop wealthy individuals from laundering their money through mansions in affluent areas in London.
“If some corrupt official, who we know earns GB£ 30,000 (US$38,856) or £40,000 a year, buys a house in the UK for £ 2 million, there is unexplained wealth,” said opposition Labour representative Margaret Hodge who campaigns on this issue. In research published last month, campaign group Transparency International identified London properties worth £4.2 billion that it says were bought by individuals with suspicious wealth.
Highlighting the same in a press note, the ACIF Nagaland President Akhei Achumi informed that the unit will conduct its executive meeting on May 25, 11:00 am onwards at its office in Pudampukhuri, Dimapur.
All 230 ID holders of the unit are requested to attend the meeting, it said adding that their card will be suspended in case of non-attendance.
64 selected candidates are also eligible to attend the meeting it added.
