Friday, 18 September 2020

300,000 Pounds Suspect Cash Seized From Indian-Origin Couple's UK Home

300,000 Pounds Suspect Cash Seized From Indian-Origin Couple's UK Home

Crime prevention officials and police in the UK have recovered over 300,000 pounds in cash suspected of being the proceeds of crime from an Indian-origin couple.

Searches of a house belonging to husband-wife Sailesh and Harkit Singara in Edgware, north west London, revealed a total of more than 200,000 pounds, with around half of the money neatly stacked on a bed. Another 100,000 pounds was discovered in a suitcase on the floor, the National Crime Agency (NCA) said.

"Some Money Service Businesses (MSBs) continue to pose a risk to the UK by facilitating the movement of illicit cash. The NECC and its partners have developed an increased understanding of this threat, which is enabling more effective action against suspicious MSBs while supporting legitimate businesses," said Rachael Herbert, Head of Threat Response at the NCA.

Nearby, officers found a further 100,000 pounds in a bag which was in the possession of Sailesh Mandalia, a business associate of Singara.

Believing the money to be the proceeds of crime, Metropolitan Police Organised Crime Partnership (OCP) investigators applied for a forfeiture order - a civil process in the UK intended to recover illicit cash where there has been no proven criminal offence.PTI

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