The Serious Fraud Office today recovered £36,000 in laundered proceeds of crime, following a hearing at Westminster Magistrates’ court.
SFO investigators discovered the funds, registered to addresses in Harrow, London, had been moved through multiple companies to conceal their origin.
The funds were linked to the SFO’s investigation into the collapsed London-based metal trading company RGB Resources that resulted in the successful prosecution of three top executives in 2008 for fraud. They were collectively sentenced to around 25 years in prison.
The SFO’s proceeds of crime investigation remains ongoing.
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