News Business Crime & Financial Services 5th Sep 2019

£7.3m Money Laundering Confiscation Order for Former Goldman Sachs Trader

On 2nd September 2019, following a contested Proceeds of Crime Act hearing, Southwark Crown Court made a confiscation order requiring Ellias Preko to pay £7,324,268.41 within 3 months, with a term of 10 years imprisonment to be served in default. Mr Preko was convicted in 2013 of money laundering offences arising from his involvement with James Ibori, the former governor of Delta State, Nigeria.

Jonathan Kinnear QC, leading Michael Newbold, was instructed by CPS proceeds of Crime.

To read more about the case in the press, please click here

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