Former UDA leader Jim Gray
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The police are expected to apply for an order in the High Court which will freeze the assets and bank accounts of former UDA leader Jim Gray.
Details of an investigation into Gray's alleged money laundering emerged during a weekend court appearance. He denies having and hiding criminal property.
Gray, 47, was stood down from the UDA leadership in east Belfast last week.
Meanwhile, a 39-year-old man is due in court on Monday charged with four counts of money laundering.