HALISTER1: London Police Acted Illegally in Russia Cash Seizure, Court Says

London Police Acted Illegally in Russia Cash Seizure, Court Says

(Bloomberg) -- London police acted unlawfully in the seizing of monies from three companies at the center of allegations of Russian money-laundering that led to the dawn arrest of a London broker, a court ruled.
  • “The production orders were obtained through an improper procedure” and misled the court, Judge Peter Gross said in his ruling handed down Tuesday
  • City of London Police obtained a court order last year that forced a unit of brokerage Archer-Daniels-Midland Co. to write checks for money in the accounts of Merida Oil Traders Ltd., Bunnvale Ltd., Ticom Management and hand them to police
  • The three companies claimed the police had seized the funds unlawfully and the court agreed
LINK: Mystery of Russia Gang, ADM Brokers Solved in London Court (1)

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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ADM US (Archer-Daniels-Midland Co)

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