Police found a haul of Gucci and Rolex watches alongside thousands of pounds in cash after raiding homes and cars.
Officers from GMP’s Economic and Cyber Crime team and Bury’s Operation Challenger carried out four search warrants of two vehicles and five properties in Radcliffe and Bury this morning (January,3).
A haul of £15,000 cash, as well as a number of high value designer clothes, goods and watches, were seized and three men aged between 18 and 43 arrested on suspicion of money laundering offences and possession with intent to supply class B controlled drugs.
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They remain in custody ahead of being questioned by officers from GMP’s Money Laundering Teams.
Detective Inspector James Coles from GMP’s Economic Crime Unit said “This is an excellent example of partnership work and the result today shows that GMP is committed to tackling organised crime and stripping criminals of their finances.
“Operation Falcon specifically focusses on cash-based money laundering which costs the UK economy billions of pounds.
“This illicit cash often serves as the motivator for organised crime and we will do everything in our power to strip criminals of their finances and reinvest it back into communities across Manchester.”
Anyone with information about suspicious financial activity can report it to us online through our online crime reporting form, or by calling 101. You can also report via our Live Chat service on our website: www.gmp.police.uk
Details can also be passed anonymously to the independent charity Crimestoppers on 0800 555 111.
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