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Assets Recovery Agency

Volume 454: debated on Wednesday 13 December 2006

To ask the Secretary of State for the Home Department what the value was of the receipts realised in each case completed by each regional recovery team of the Assets Recovery Agency; and what type of assets were recovered in each case. (105586)

While the Agency has investigators co-located with the five multi-agency Regional Asset Recovery Teams, it does not itself have regional recovery teams. The Agency has branches in Belfast and London. The value of receipts realised in completed cases since the Agency’s establishment in 2003, split between its two branches, is set out in the following table.

A wide range of assets have been recovered, the most common being real property (e.g. houses, motor vehicles and jewellery), cash and financial services products (e.g. bank accounts and insurance policies). It would be disproportionately costly to produce a full list of assets recovered.

Assets Recovery Agency, value of assets realised

Total

England and Wales1

Northern Ireland

2003-04

2004-05

4,385,631

3,932,345

453,287

2005-06

4,119,167

3,348,607

770,560

2006-07 (provisional figures to end of November 2006)

13,641,102

13,355,792

285,310

1 includes tax cases where the investigation began in Northern Ireland