Video: Met Police crackdown on economic crime: 81 arrests so far

12:43 29 May 2012

A yacht seized by the Met Police which has been dry-docked and will be searched as part of a money laundering investigation under Operation Stimtone

A yacht seized by the Met Police which has been dry-docked and will be searched as part of a money laundering investigation under Operation Stimtone

Archant

Police have so far made 81 arrests in the Met’s largest ever crackdown on economic crime.

Launched today, officers on Operation Stimtone are carrying out 300 separate operations to target people those involved in money laundering, identity fraud, handling stolen goods, conspiracy to defraud and those who target the vulnerable and elderly sections of our community.

Economic crime costs businesses and the taxpayers of London tens of millions of pounds every year.

As well as the arrests, officers have also seized £1.4 million cash, more than 500 cannabis plants, two replica firearms, a large quantity of class A drugs including 170 wraps of cocaine, one CS gas canister, two cars, one motorbike and a £25,000 motor cruiser.

Various items of stolen property including games consoles have also been recovered throughout the morning..

More than 900 officers are working across London today executing search warrants for stolen property and proceeds of crime, undertaking covert operations against fraudsters, carrying out financial investigations and paying visits to pawnbrokers, bureaux de change, storage companies and scrap metal dealers.

Commander Allan Gibson is leading today’s operation. He said: “Economic crime is not a victimless crime. It affects all of us as law-abiding members of the public. We ultimately end up paying the price for crimes against businesses through increased taxes, insurance premiums and the price of goods.

“This is why today over 900 officers will be busy working across all 32 London boroughs seeking to seize the proceeds of crime and work to take criminal property back.

“We are determined to make sure crime does not pay but criminals do. We want to show communities criminals who comfortably live off the proceeds of their crimes are being brought to justice. Working together we are stronger and we can get the better of criminals.”

You can follow the key results on Twitter @metpoliceuk. The hash tag throughout the day will be #bigwing.

If you have any information on people or individuals who are running scams or making money through any criminal activity call 101 to speak to a police operator or alternatively call Crimestoppers anonymously on 0800 555 111.

Sign up for our news alerts today!

Our editors' picks for the day's top news delivered to your inbox or phone.

Sign up for email alerts Sign up for mobile alerts
1
2 3 4 5 6
7

Latest Crime news

Friday, March 27, 2015
The news means at least nine girls travelled to, or wanted to travel to, Syria after attending the coeducational academy [Image from Google StreetView]

The High Court has banned five teenage girls from travelling abroad after they expressed an interest in going to Syria – just weeks after three of their schoolmates left to join the Islamic State.

Friday, March 27, 2015
Mr Packman went missing from the Dennis Scott Unit of Edgware Community Hospital in 2012 [Photograph from Metropolitan Police]

A young man who was receiving treatment at a mental health unit in Enfield has absconded, and police have warned the public not to approach Joshua Packman if they see him.

Friday, March 27, 2015
McDonagh has been jailed for four years [Photograph from Metropolitan Police]

A conman has been jailed for locking a 90-year-old man in his basement in order to burgle his Fulham home.

Friday, March 27, 2015
Do you know this man? [Photograph from British Transport Police]

Police are hunting a thug who attacked a 17-year-old boy with half a brick on a train journey from Crystal Palace to East Dulwich - then snatched a man’s phone in West Norwood station.

Thursday, March 26, 2015
Mohammed Yasser Afzal

The man accused of murdering a minicab controller admitted in a typed letter found in his pocket that he killed him “because of his own crazy feelings”, a court heard today.

Thursday, March 26, 2015
Demetris Costa Hapeshi used the University's database to get a student's phone number  [Photo by Dan Kitwood/Getty Images]

A lecturer who discussed sex toys with his students - and even kissed one of them - is fit to carry on working, a tribunal has ruled.

What is this?

Near You Now

Don't Miss...