London based landlord and property developer Richard Leahy has agreed to hand over assets worth almost £2m.
This settles a civil recovery claim based on alleged involvement in cannabis cultivation, money laundering and fraud.
The order relates to three London properties and £1,125,340 in cash in a bank account.
The NCA’s case was that the property was the proceeds of the criminal conduct of Richard Leahy, a landlord and property developer from Orpington in Kent.
The NCA alleged that Leahy had been involved in criminal activity for more than 15 years, including cannabis cultivation, mortgage fraud, benefit fraud, money laundering and tax evasion.
The civil recovery order was made by consent by the High Court in London after a settlement agreement between the NCA, Leahy and 12 other defendants which were companies owned by or associated to Leahy.
In 2017, the NCA secured a property freezing order from the High Court over residential and commercial properties in South London and Kent belonging to Leahy or his companies.
A claim for civil recovery was lodged in November 2018. In April 2020, Leahy applied to discharge the property freezing order but his application was dismissed by a High Court Judge.
Andy Lewis, head of civil recovery at the NCA, said: “This is a great result, recovering nearly £2 million that will go back into the public purse and be used to help fight criminal activity. Settlements in civil cases offer good value to the tax payer, avoiding often lengthy and costly legal battles while freeing up our investigators and legal team to pursue other casework.”
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