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Five arrested for money laundering

Northumbria Police

11 August 2010


Five people have been arrested for money laundering following an investigation by the Economic Crime Unit (ECU).
Officers from the ECU and Total Policing Task Force, executed warrants at addresses in Seaton Burn, North Tyneside and Cramlington, Northumberland, Sunderland, and Fenham, Newcastle.
Detectives believe a coach company is being operated by people who are disqualified from the industry.
Following searches officers discovered approximately £100,000 cash, a quantity of counterfeit clothing, a taser and a large quantity of Viagra.
Computers and paperwork have also been taken for examination.
Police will now apply for authority to restrain property to a value of approximately £1.5 million under the Proceeds of Crime Act.  This includes money, vehicles, dwellings and commercial properties.
DCI Jim Mcall of the Economic Crime Unit said: “The Proceeds of Crime Act allows the police to tackle suspected criminals using unconventional methods and hit them where it hurts by taking their wealth from them.
"In this case by working collaboratively with VOSA we are investigating individuals who are suspected of running a commercial enterprise whilst not being legitimately licensed to do so."