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UK Issues First Ever 'Unexplained Wealth Order'

UK Issues First Ever 'Unexplained Wealth Order'

Supperstone also ruled that Hajiyeva's name, which previously could not be disclosed, could be made public on Wednesday.

In this case, Hajiyeva, 55, must explain how she paid for the two aforementioned properties, per CNN, which include a home in London and golf course estate in Berkshire.

Hajiyeva said in a witness statement that her husband was a man of substantial means.

Mr Hajiyev had worked for Azerbaijan's state-owned bank and so that country's government would be able to claim a right to clawing bakc any funds fraudulently used by Mrs Hajiyeva that they believe were obtained by her husband from their bank.

An address listed as belonging to Zamira Hajiyeva, the wife of the former chairman of Azerbaijan's largest bank, in seen in the Mayfair district of London, Britain, October 10, 2018.

Zamira Hajiyeva, wife of a jailed Azerbaijani banker, has been named after losing a High Court battle to remain anonymous.

"Unexplained Wealth Orders have the potential to significantly reduce the appeal of the United Kingdom as a destination for illicit income", Toon said. Between 2006 and 2016, Hajiyeva spent more than 16 million pounds at the store, including 100,000 pounds in one day on Cartier jewellery, 150,000 pounds in another trip on goods from luxury brand Boucheron, and 1,800 pounds on wine.

Official records reveal the couple also own two dedicated bays within the private Harrods vehicle park and Mrs Hajiyeva also bought a $42m Gulfstream G550 jet.

Duncan Hames, director of policy at Transparency International UK, said: 'We are delighted that this first case is progressing in court, underlining the effectiveness of Unexplained Wealth Orders in targeting suspicious wealth.

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"UWOs should now be used more widely to pursue more of the £4.4 billion worth of suspicious wealth we have identified across the United Kingdom", he said.

Her attempt to overturn the UWO at the High Court was unsuccessful last week.

No - she says she is innocent of the accusations and tried to challenge the Unexplained Wealth Order after it was imposed in February.

Lawyers for Mrs Hajiyeva said in a statement: 'The decision of the High Court upholding the grant of an Unexplained Wealth Order against Zamira Hajiyeva does not and should not be taken to imply any wrong-doing, whether on her part or that of her husband.

Her lawyers added that the order "is part of an investigative process, not a criminal procedure, and it does not involve the finding of any criminal offense", according to the AP.

Lawyers for Hajiyeva, who denies any wrongdoing, said that Hajiyev was convicted after a show trial and the circumstances of the case did not meet UWO requirements.

Asked who would then have a right to claim that wealth, he said: "Ultimately, that becomes a political and worldwide issue".

What is an Unexplained Wealth Order?


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