Admin l Thursday, May 07, 2020
LONDON, England – Approximately £600,000 cash has been confiscated by special police officers following an investigation into suspected money laundering in Coventry, London.
Following an intelligence led operation by officers from the Met’s Specialist Crime Command the money seized and the suspected owner arrested on suspicion of money laundering offences.
Detective Inspector Nicola Hawkins, from Specialist Crime, said: “This is a substantive amount of money for one person to have lying around their property and not invested in a bank account.”
The suspect, a 36-year-old man, was arrested by Met officers on Wednesday, 6 May in Coventry. When he was arrested, officers found approximately £100,000 cash on him.
A subsequent search of his property in Coventry resulted in approximately £500,000 in cash and a money counter being recovered.
Detective Inspector Hawkins, added: “This arrest will no doubt disrupt a complex web of criminals who are funnelling money around the world in order to carry on their criminal activities.
“Even during the Covid-19 crisis, officers are working to dismantle and disrupt organised criminality and bring those involved to justice.”
The 36-year-old man has been released under investigation pending further enquiries.