Michael Seed was jailed for 10 years in March 2019 after becoming the 10th person to be convicted in connection with the 2015 Easter Bank Holiday weekend heist
One of the Hatton Garden robbers today won a partial victory at the Court of Appeal against an order to pay back £6million from the heist – but was told he still has to pay £600,000 or serve another seven years in jail.
Michael Seed, known as ‘Basil the Ghost’, was jailed for 10 years in March 2019 for his role in the £13.6 million heist.
The alarm specialist was one of two men who climbed into the vault to loot 73 safe Deposit Pocketoption boxes after a gang of ageing criminals drilled through the thick concrete wall over the 2015 Easter bank holiday weekend.
In October 2020, Seed, now 60, was ordered to pay back £5,997,684.93 from the raid or serve an extra seven years in jail under a law to confiscate criminals’ ill-gotten gains.
At the Court of Appeal earlier this month, he brought a legal challenge against part of the repayment order covering hundreds of thousands of pounds worth of jewellery.
The court heard that around £4 million in jewellery was stolen in the Hatton Garden raid, with all but around £690,000 worth returned to its owners.
During their confiscation proceedings, Seed’s five co-raiders had agreed that the remaining jewellery – which had either been dismantled or was too generic to be identified – would be sold by police.
A long-running police investigation found Seed was the mystery gang member called ‘Basil’