Britain's Serious Fraud Office (SFO) froze over $100 million of assets linked to Allen Stanford, the US financier accused of a massive fraud.
The SFO's action is in response to a request from the US Department of Justice, it said in a statement. The restraining order was received on April 7 but the SFO could only reveal it today, because of developments in the Stanford case.
"These funds were allegedly acquired in connection with a suspected $7 billion investment fraud scheme operated by Stanford," the SFO's statement said.
Stanford and other three executives of his Stanford Financial Group were accused earlier this month of coordinating a massive fraud by misusing most of the $7 billion invested by customers in certificates of deposit from the Stanford International Bank in Antigua.