Barking cocaine money to make streets safer
- Credit: Archant
More than £500,000 from cocaine supply and money laundering in the area will go back into tackling crime and keeping residents safe.
Found in a flat in Barking searched by Met and Essex police officers in March 2013, the seized cash will now be used by Essex Police, after a decision to forfeit the money was reached at Chelmsford magistrates court last week.
A total of 11 men from Essex and London were charged with conspiracy to supply Class A drugs and money laundering offences and were sentenced to a total of 118 years in prison when they appeared before Basildon Crown Court in March 2014.
The £523,935 was found inside a flue box panel in the bathroom, and air duct and a suitcase inside the airing cupboard.
One man arrested at the Barking address was jailed for 17 years for conspiracy to supply cocaine and money laundering, while a second at the same property was sentenced to 16 months for money laundering.
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A total of 8kg of cocaine with a wholesale value of more than £360,000 and a street value of more than £1.2million was seized from the organised crime group during the operation.
DCI Stuart Smith said: “This was an outstanding conclusion to a professional investigation where police and the Crown Prosecution Service have worked effectively together to take drugs and criminal money off the streets.
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“The forfeited money will further enhance Essex Police’s capability to tackle serious crime and keep the communities of Essex safe.”