Two men arrested and retail premises raided in Ilford over suspected £17 million money laundering operation
PUBLISHED: 12:13 06 November 2017 | UPDATED: 13:38 06 November 2017
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Two men have been arrested and an office in Ilford was raided as part of an ongoing investigation into a suspected money laundering operation.
Across the country, 80 officers from HMRC carried out simultaneous raids on Thursday, November 2 at residential addresses in London, Coventry and Luton, and two offices in Ilford and Edmonton.
Two men, aged 32 and 34, from Ilford, were arrested in the raids along with three men from Wembley, Coventry and Greenford, and a woman from Luton.
One of the pair, who were arrested and interviewed by HMRC, has been released on bail whilst the other has been released under investigation.
Enquiries into the suspected fraud are ongoing.
The raids are part of an ongoing investigation by HM Revenue and Customs (HMRC) into a suspected £17 million money laundering operation.
Chris Gill, Assistant Director, Fraud Investigation Service, HMRC, said: “Tackling money laundering is a priority for HMRC and we will not hesitate to investigate those suspected of being involved.
“We ask anyone with information about this kind of activity to contact our HMRC Fraud Hotline on 0800 788 887.”