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Police Find £1 Million In Cold, Hard Cash Inside Black Cab

Police Find £1 Million In Cold, Hard Cash Inside Black Cab

London police have revealed they found almost £1 million in suitcase in the back of a black cab.

The revelation was made with the release of information regarding retrieved money and assets in 2015/16.

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Scotland Yard said: "The cash was found when officers stopped a black cab in east London and found a large holdall in the passenger compartment which contained the cash."

Credit: SWNS

Scotland Yard continued: "The cash was subsequently forfeited under the Proceeds of Crime Act in early 2016."

Overall, they seized over £73 million last year under the Act, which came into action in 2002.

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The biggest ever single confiscation was a £6 million find in 2015 connected to the supply of chip and pin machines to central London brothels.

"The main perpetrator created a number of sham companies purporting to offer events and function facilities to corporate clients," the Met Police said.

Credit: SWNS

The companies then gathered several chip and pin machines from different Merchant Services Providers by lying about their business intentions, which were then given to the brothels to facilitate the payment of Class A drugs from customers.

Money confiscated by the MPS is paid to the Home Office, although the MPS receives a chunk back via the Asset Recovery Incentivisation Scheme.

A Ferrari 612 also seized by police last year. Credit: SWNS

Commissioner Sir Bernard Hogan-Howe said: "The MPS is here to reduce crime and keep people safe. It's satisfying to see criminals pay back for the damage they cause communities through the assets we've recovered.

"The message is loud and clear, crime does not pay and criminals who think it does will have to deal with the full force of the MPS."

Featured Image Credit: SWNS

Topics: Police, Money

Josh Teal

Josh Teal is a journalist at LADbible. He has contributed to the 'Knowing Me, Knowing EU' and 'UOKM8?' campaigns interviewing everyone from student drug dealers to climate change activists.

 

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