260. Serious default.

If either of two sets of three conditions is satisfied the Crown Court may order the payment of such compensation as it believes is just1.

The first set of conditions is that:

  1.  

    (1)     a criminal investigation2 has been started with regard to an offence, and proceedings are not started3 for the offence4;

  2.  

    (2)     in the criminal investigation there has been serious default by a specified5 person6, and the investigation would not have continued if the default had not occurred7;

  3.  

    (3)     an application is made8 by a person who held realisable property9 and has suffered loss in consequence of anything done