Hatton Backyard burglar ordered to pay again practically £6m

Hatton Garden burglar ordered to pay back nearly £6m

The ultimate member of the Hatton Backyard housebreaking gang to be jailed has now been ordered to pay again practically £6m by the Met Police, or serve an additional seven years in jail.

Michael Seed was sentenced to 10 years’ imprisonment in March 2019 after being discovered responsible of conspiracy to burgle, and conspiracy to hide the proceeds.

He was discovered to have obtained a portion of the proceeds of the housebreaking of secure deposit containers at Hatton Backyard over the Easter Financial institution Vacation in 2015, with a calculated worth of round £13.9m.

Following his conviction, Seed was made the topic of a confiscation order below the Proceeds of Crime Act (POCA).

A judgment handed down at Woolwich Crown Court docket on 1 October dominated that Seed should now pay again £5,997,684.93 throughout the subsequent three months, or serve one other seven years in jail.

Detective chief inspector Mark Bedford, of the Met’s Flying Squad, mentioned: “The conviction and sentencing of Seed – extra extensively generally known as Basil – dropped at a detailed one of many longest investigations within the Flying Squad’s historical past. 

“He was answerable for accessing the Hatton Backyard premises and disabling its safety methods. He was the one excellent suspect within the case till March final 12 months when he was convicted.”

He added: “Up to now now we have recovered simply over a 3rd of the property stolen from Hatton Backyard, and far of it has already been returned to the victims. 

“We’ve got all the time mentioned that the top of the trials for these concerned didn’t mark the top of this investigation. Over a few years specialist monetary investigators have been working arduous to find excellent property and determine the belongings of those defendants.”

It comes as Proceeds of Crime orders have already been served in opposition to the opposite gang members, with the Met now reaching an extra Order in opposition to Seed. 

Bedford added: “Crime should not pay, and this could show the lengths we’ll go to make sure criminals are prevented from having fun with any monetary profit from criminality.”

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