Jasvinder Nakhwal comments on police decision to take no further action against Peters & Peters’ clients – significant success in a landmark case
Wednesday 2 August, 2017
Business Crime Partner Jasvinder Nakhwal was quoted in a Bloomberg feature piece on the withdrawal of a City of London Police money laundering and cash seizure investigation against two Peters & Peters’ clients for whom she acted. The article – which can be found here – describes how the clients, two offshore trading firms in the energy derivatives market, were exonerated following the collapse of the police investigation, and the return of in excess of USD 13million, found by the High Court in a judicial review to have been seized by the police unlawfully. This case was the first of its kind to be heard by the High Court, the outcome of which affected other City of London Police cash seizures in similar circumstances.