(LONDON) NCA REPORT: Officers have arrested two men as part of a drugs and money laundering investigation which led to the seizure of more than £1.6m last year #AceNewsDesk report

#AceNewsReport – Oct.19: The suspects – aged 58 and 51 – were arrested yesterday respectively in Wilmcote, Stratford-upon-Avon, and Reddicap Heath, Sutton Coldfield, near Birmingham: NCA officers searched a number of business premises across Birmingham in connection with the investigation which emerged from Operation Venetic, the UK’s law enforcement response to the take down of encrypted comms platform EncroChat.

#AceDailyNews reports on an Operation Venetic: UPDATE: Two men arrested in investigation linked to the recovery of £1.6m in cash using the encrypted platform EncroChat ….

CASE NOTES: The arrests follow the seizure of £1,656,040 on 13 June 2020 when officers raided a flat in Kenelm Road, Sutton Coldfield and discovered the cash concealed inside a divan bed: On the same day, officers also recovered two kilos of cocaine. Two men aged 45 were arrested in connection with the offences and remain under investigation: The NCA won a forfeiture order in respect of the case earlier this year resulting in the cash being returned to the public purse: The two suspects who were arrested yesterday (Tuesday) have been questioned in relation to their alleged involvement in money laundering and drugs offences and were released on bail.

Bed cash S Coldfield

NCA operations manager Rick Mackenzie said: “These arrests are an important development in our investigation: The ability for criminals to benefit from the proceeds of crime is a key driver for organised crime which is why the NCA prioritises disrupting money laundering operations both here in the UK and overseas.”

#AceNewsDesk report ……………..Published: Oct.19: 2021:

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#encrochat, #london, #nca, #venetic