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Adviser is pursued for £158,000

A FINANCIAL adviser is being pursued for £158,000 under the Proceeds of Crime legislation.

Legal chiefs have launched the action to recover the cash Angela Lauder stole from her clients in order to try and save her business.

The 43-year-old from Selkirk in the Borders is currently serving a 16-month jail sentence at Cornton Vale after she admitted stealing the money over a two-year period.

Now the Crown Office has instigated proceedings under the Proceeds of Crime Act to recoup the whole £158,666 which Lauder stole while acting for a husband and wife.

The case called at Selkirk Sheriff Court but was continued for seven weeks after defence lawyer Keith Leishman requested more time to ascertain the value of property owned by Lauder.

Lauder was acting for a husband and wife when she withdrew the money from their Friends Provident investment fund and paid it into her own account.

The Proceeds of Crime hearing has been adjourned until May 27.

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