INDEPENDENT NEWS

Proceeds of crime move full of holes

Published: Tue 23 Nov 2004 03:05 PM
Hon Tony Ryall National Party Law and Order Spokesman
23 November 2004
Proceeds of crime move full of holes
National’s Law and Order spokesman, Tony Ryall, says a proposal by the Justice Minister to confiscate the ill-gotten gains of criminals appears full of loopholes.
He says today’s announcement is heavy on rhetoric, but very light on substance.
“It will be easy for drug dealing overlords to protect their assets by exploiting legal loopholes and transferring assets into the names of wives, partners or children.
Auckland police estimate that one gang has acquired assets in excess of $10 million through the manufacture and sale of methamphetamine or ‘P’.
Mr Ryall says Mr Goff’s proposal gives no sense of a Government wanting to put a stop to this kind of drug-fuelled criminal activity.
“The only money that the drug overlords are likely to lose as a result of this is in legal fees and the excess cash that their lawyers can’t dress up as legitimate.
“The West Australian confiscation regime includes a much stronger element of deterrent by putting all assets at risk – both legally and illegally obtained.
“Proceeds of crime legislation is pivotal to smashing the drug dealing underworld. The power and influence of these gangs is a result of their financial assets.
“National will crack down on these gangs by confiscating their assets, and taking away their power and influence.
“Mr Goff’s announcement today is not supported with any detail. Earlier this year he promised legislation by Christmas. Only the gangs will benefit from this delay and the loopholes he proposes.
“The loopholes in this legislation are so large you could drive a truck laden with ill-gotten gains through them,” says Mr Ryall
ENDS

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