Do good with the proceeds of evil.
Most of the mechanisms that the Agency for the Management and Recovery of Seized and Confiscated Assets (Agrasc) sets up make it possible to invest crime money in funds intended for victims of all kinds of crime.
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Ten years after its creation, it is now at the head of a budget of 1.2 billion euros and 170 million dollars from the proceeds of the seizures and confiscations that it carries out each year and which generate 8 million dollars. euros in interest, which is almost as much as its own budget.
"We are a small company which never knows the crisis",
smiles Nicolas Bessonnes, new director of the agency, which still widened its radius of action.
It is now attacking unworthy and insanitary housing, in the wake of the Elan law passed in 2018 and the 2020 decrees which ensure its application and allow the automatic confiscation of these assets.
The idea: to extract them from this market.
So real estate
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