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Serra and Another v Republic of Paraguay

Lloyd's Law Reporter Financial Crime

Serra and Another v Republic of Paraguay

Queen’s Bench Division (Divisional Court) [2017] EWHC 2300 (Admin), Lord Justice Burnett and Sir Wyn Williams, 13 July; 15 September 2017

Extradition - Prison conditions in Paraguay - Extradition offences - Money laundering - Extradition Act 2003, section 137(3) - Proceeds of Crime Act 2002, section 329

The appellants' extradition was sought by the Republic of Paraguay in respect of charges of breach of trust and money laundering contrary to the Paraguayan criminal code. The allegation in Paraguay was that in 2007 the appellants had fraudulently obtained US$35 million from the pension fund of Itaipu Binacional, a producer of hydro-electric power. At the time of the transfer no offence of money laundering existed in Paraguay. The offence was introduced in Paraguay 2009.

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