23/06/2005

Police crack down on money laundering

Police have searched a number of premises in Counties Armagh and Down as part of ongoing investigations into money laundering.

A total of 13 properties, including a number of business premises, were searched in the Bessbrook, Banbridge and Newry areas over a five day period.

Computers, a large amount of financial documentation and £10,000 worth of cash was seized.

The Financial Investigation Unit of the PSNI also uncovered a small amount of class ‘A’ and ‘C’ drugs during a search of a private residence.

One man has been charged with possession of class ‘A’ drugs with intent to supply, and is due to appear in Newry Magistrates Court on 6th July

(MB/SP)

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