Thursday, 28 July 2022

Money Laundering Ringleader Jailed Over £104 Million Cash Smuggled to #Dubai - Bloomberg

Money Laundering Ringleader Jailed Over £104 Million Cash Smuggled to Dubai - Bloomberg

The ringleader of one the UK’s largest money laundering operations was jailed for nine years and seven months after investigators caught couriers smuggling suitcases packed with bags of cash to Dubai.

Mohammed Ali Bin Beyat Alfalasi arranged for a network of couriers to fly £104 million ($126 million) of street cash to Dubai over nearly two years through to October 2020, the National Crime Agency said. Alfalasi pleaded guilty earlier this month.

The couriers were given business class flights to take advantage of a larger luggage allowance and check-in closer to the departure time, investigators said. Around £500,000 was crammed into suitcases that were then packed with coffee granules or sprayed with air freshener to disguise the scent from sniffer dogs. In total more than 80 flights were taken.

“There is no doubt that this was a considerable network under your charge, not your sole charge, you were a principal but it is clear that there were others involved,” Judge Simon Davis said handing down the sentence.

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