A Vice President employed by a high-profile London socialite and businessman accused of being party to a joint enterprise to launder £266m in cash. This defendant was in the largest-ever cash money-laundering prosecution in England. The cash was alleged to have been laundered through the defendant’s Mayfair business premises and through the gold dealership of co-defendants in Bradford via large numbers of couriers and cash deposits into a UK national high-street bank. The defendants’ scheme to melt down old gold items and turn them into branded solid gold bars through a furnace they had commissioned and were running on the premises of the Sheffield Assay Office was said to be part of an elaborate cover for laundering the cash.
