Posted in Notable Cases on April 8, 2016
The Defendant, along with 4 others, was charged with entering into an arrangement to launder the proceeds of crime totalling in excess of £1 million. This was a large scale money laundering operation and very sophisticated in its nature. The Defendant was alleged to have masterminded the operation. A number of international companies were defrauded by having their accounting practices high jacked and proceeds of their sales were diverted into other companies or persons’ names. These monies were then dissipated involving layering of bank accounts and then withdrawals in large denominations of cash. The case was highly complex and voluminous in its nature. It was prosecuted by the Economic Crime Unit.