Cheltenham-winning horse at centre of crime assets seizure ’not in same condition’, court hears

A Cheltenham-winning horse at the centre of a proceeds of crime assets seizure is no longer in the same condition as it had been due to the "vagaries of of the sport", the High Court has heard,
"Labaik" won this year’s Supreme Novices Hurdle at odds of 25/1 causing a shock in betting circles because of the horse’s previous form.