UK to seize assets of foreign criminals under new law
The UK will seize assets held by foreign criminals and corrupt politicians under its new Unexplained Wealth Order law. It allows authorities to freeze assets exceeding Â£50,000 (over â¹45 lakh) in value if their owners are unable to explain how they acquired them. Nearly Â£4.4-billion worth property in the UK is estimated to have been bought using illegally acquired wealth. 