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UK agency freezes $100 mln in Allen Stanford case

UK agency freezes $100 mln in Allen Stanford case

The Serious Fraud Office said Tuesday it had frozen more than $100 million in assets held in London which are believed to be connected to R. Allen Stanford, the Texas financier awaiting trial in the United States on charges of swindling investors out of $7 billion.
Acting on a request from the U.S. Justice Department, the agency said it secured a court order in April to preserve the assets but had not previously disclosed the action.
"I am determined that supporting our U.S. counterparts in this way becomes a routine example of cross-border cooperation," said Richard Alderman, the agency's director.


Updated : 2021-03-01 15:06 GMT+08:00