A man has been arrested after a traffic stop in London led to a stash of over £1 million in cash.
On Tuesday 26th May, officers from the Met’s Operation Venice team stopped a suspicious vehicle in a car park in Colney Hatch Lane, N10.
When officers searched a 31-year-old male who was in the vehicle, they found that he had £12,000 cash on him. He was asked to account for why he had the money on him, but he was not able to.
The male was arrested by officers under the Proceeds of Crime Act (POCA) and was taken to a north-west London police station.
As part of their enquiries, officers then carried out a search of the suspects home in Haringey.
Inside, they found what is thought to be around £1 million in cash, which was stored in shoe boxes and bags. Officers also found several passports.
Detective Chief Inspector Shaun White, who leads the Operation Venice Command, said:
“Whilst we are in the process of counting all of this cash, we believe we have seized almost £1 million.
“There is no justifiable reason for this much cash not be kept in a bank account, unless it has been sourced from ill-gotten activities involving criminality.
“This is a great seizure involving both strands of Operation Venice – our Scorpion drivers (who use motorbikes and cars to stop criminals using powered two-wheelers) and our Venice Investigations Team (VIT), who carry out the searches and develop the arrests through court in order to secure convictions.”
“Operation Venice officers work around the clock, alongside, and supported by officers from around the Met to tackle serious and organised crime.
“We will continue to work with them to arrest and prosecute those who believe they can get away with criminal behaviour in the Capital.”
The suspect remains in police custody at this time.
TODAY’S TOP VIDEO – EDITORS PICK
Before you go...
We need your help. As former emergency services & armed forces personnel, we pride ourselves on bringing you important, fast-moving and breaking news stories which are free from the negative bias which is often directed at the emergency services by some sections of the mainstream media.
One of the reasons we started 'Emergency Services News' was because we became tired of reading badly informed stories about the emergency services which seemed only ever to highlight negative aspects of the job.
We want to be the unheard voice of the remarkable men and women who serve in the emergency services, NHS and armed forces. And with around 500k page views each month, we are getting there!
As income from ads, the mainstay source of income for most publishers, continues to decline; we need the help of our readers.
And remember, if you have a service, product or job vacancy that you would like to promote to our large readership, then you can buy advertising space in our articles.
You can support emergency services news from as little as £1. It only takes a minute. Every contribution, however big or small, is vital for our future.
Please help us to continue to highlight the life-saving work of the emergency services, NHS and armed forces by becoming a supporter.
