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Hove Man Arrested For Money Laundering

A man has been arrested for money laundering after police found he had a significant amount of unexplained wealth.

It followed an investigation into drug supply in the city.

Police in Brighton and Hove seized several gem stones, around £11,000 of cash and documents, which indicated the suspect had access to amounts of money that could not be legally accounted for.

Officers from the Tactical Enforcement Unit carried out a search warrant at a property in Albany Villas, Hove, at around 7.30am last Wednesday (August 3).

Inside were several bundles of cash totalling around £11,000, gem stones believed to be diamonds and financial documents showing the ownership of a number of valuable assets.

Expensive jewellery was also found, as well as receipts for a car worth almost £50,000 which showed £8,000 of the cost had been paid in cash, the rest outright on a debit card.

A 32-year-old man from Hove was arrested on suspicion of money laundering and has been released under investigation while enquiries continue.

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The Tactical Enforcement Unit is a small unit of specialist officers focusing on the county’s most wanted, prolific criminals, carrying out disruption, enforcement and surveillance activity to support a broad range of teams.

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