Vaz to Scrutinise Unexplained Wealth Laws

vaz

Today’s Sun reports Keith Vaz has been appointed a member of the Criminal Finance Bill committee despite being under active police investigation. As Guido reported last month, Vaz’s role will include helping to scrutinise new plans to strengthen so-called Unexplained Wealth Orders, anti-corruption laws where assets can be seized if owners are unable to explain how they were funded. This is something of personal significance to Vaz, who in 2012 was subject to another police investigation which found up to £500,000 of funds believed to have been “of a suspicious nature” were paid into current and savings accounts in his name or linked to him:

“There are numerous unexplained payments into the accounts and large transfers between accounts that require further investigation… the level of funds received … are of a suspicious nature”

Vaz did not declare where the money came from. At one point detectives claimed £28,959 in cash was paid into an HSBC account held by Vaz, with no explanation. This is all without mentioning the mystery behind Vaz’s £4 million global property empire, which he has also never explained how he has been able to afford. Vaz is now scrutinising laws on unexplained wealth…




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