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Five million dollars’ worth of gold bars have been seized at London’s Heathrow Airport by law enforcement officials investigating a South American drug cartel.
The gold, weighing around 229 pounds, was on its way to Switzerland from the Cayman Islands when it was seized. It had previously arrived in the Cayman Islands from Venezuela on a private jet.
The shipment was seized last month but judicial officials have now allowed the National Crime Agency (NCA) to hold it under the Proceeds of Crime act. The gold is now being treated as money laundering in an investigation by the Cayman Islands with the help of the NCA.
"We believe that this shipment was linked to drugs cartels operating out of South America,” NCA Heathrow branch commander, Steve McIntyre, said of the news. "Working with partners overseas and in the UK we were quickly able to identify it and stop its onward movement." (SWNS)
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“We believe that this shipment was linked to drugs cartels operating out of South America,” NCA Heathrow branch commander, Steve McIntyre, said of the news. "Working with partners overseas and in the UK we were quickly able to identify it and stop its onward movement."
“The business model of many organized crime groups relies upon the ability to move money across borders, to fund further investment in criminal activity,” McIntyre continued. “If we can stop that it not only causes disruption to the criminal network involved and prevents them benefiting from crime, it also stops that re-investment.”
Five million dollars’ worth of gold bars, partially pictured here, have been seized at London’s Heathrow Airport by law enforcement officials investigating a South American drug cartel. (SWNS)
"Officers from Border Force, acting on intelligence from the NCA, moved in to detain the shipment at Heathrow on 1 June,” a NCA spokesman added. "It was being transported from the Cayman Islands to Switzerland, having earlier been shipped to the Caymans on a private jet which had arrived from Venezuela.”
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"The gold is now the subject of a money laundering investigation being run by the Cayman authorities, with the assistance of the NCA,” the rep detailed. "The bars and pieces of gold, which together weigh around 104 kilos, have now been seized under the Proceeds of Crime Act, following a hearing at Uxbridge Magistrates in London."
Some of the gold, pictured here, being transported from the Cayman Islands to Switzerland, having earlier been shipped to the Caymans on a private jet which had arrived from Venezuela. (SWNS)
Nick Jariwalla, Border Force Heathrow Director, said: “Taking large amounts of money or gold out of the control of criminal networks hits them where they feel it most, in the pocket.”
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The gold is now the subject of a money laundering investigation being run by the Cayman authorities, with the assistance of the NCA. (SWNS)
“This was a substantial seizure and demonstrates how effectively Border Force works with law enforcement partners, both at home and abroad, to combat organized crime,” Jariwalla revealed.
This story was originally published by SWNS.
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