Family Wins Fight With U.K. Cops Over ‘Billionaire Row’ Home
- Court ruling is a setback to use of unexplained wealth orders
- Family of ex-Kazakhstan president win order overturning freeze
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The family of Kazakhstan’s former president overturned a freeze on their 80 million-pound ($98 million) property portfolio, dealing a setback to U.K. law enforcement officials’ use of a new tool to combat money laundering.
The freeze was part of three unexplained wealth orders brought by Britain’s National Crime Agency. One of the London parcels sits on one of the city’s most exclusive roads -- dubbed Billionaire’s Row -- because of its wealthy residents.