GLASGOW fraudster Barry Hughes has handed over £53,000 in assets after he was served with a 'dirty money' confiscation order.

The former boxing promoter had a legal hold over him recalled at the Court of Session in Edinburgh yesterday after he handed over assets or an equivalent cash sum.

READ MORE: Barry Hughes moans in court as he is told to sell off four designer watches and a £5K mobile phone

However, prosecutors say he isn't off the hook just yet as they can still pursue the rest of the £2.9million that was agreed to be his "benefit figure" from crime.

Hughes' seized assests included a £5600 Vertu Constellation mobile phone as well as numerous Rolex and Cartier watches.

The Crownn Office told the Daily Record: "The order for the full value of the frauds will remain active against Hughes until every penny is paid back, however long that takes."

READ MORE: Barry Hughes moans in court as he is told to sell off four designer watches and a £5K mobile phone

Last month Hughes took part in a BBC documentary where he claimed businessmen were allegedly using weaknesses in the bankruptcy system to keep hold of their money and assets.

He declared himself bankrupt in 2014 owing £10million.

Hughes was jailed in March 2013 for 43 months but his sentence was overturned and he was fined £45,000.

He claimed his wife Jacqueline made £160,000 from her business McDonald Interiors – but divorce papers lodged by her in 2006 stated she was “financially dependent” on her husband.

READ MORE: Barry Hughes moans in court as he is told to sell off four designer watches and a £5K mobile phone

Hughes lied on mortgage applications about his wife’s income for the homes.

He also admitted two money laundering charges – for receiving £128,885 after selling the first property and spending £30,000 towards a Rolex.