Found in boot of car: £340,000

Seized cash in boot of Hucknall car
Seized cash in boot of Hucknall car

BUNDLES of cash totalling more than £340,000, and believed to be the profits of crime, were seized from the boot of a car in Hucknall.

Investigators from Her Majesty’s Revenue and Customs (HMRC) searched the vehicle and found the money in the run-up to Christmas on Monday December 19 last year, it has been disclosed in a court hearing.

Full details have not been released. But it is thought the cash was from the proceeds of a tobacco-smuggling plot.

Now the money is back in the public purse after a hearing at Nottingham Magistrates Court. For it has been forfeited under the Proceeds of Crime Act 2002.

Dave Cowie, assistant director of criminal investigation for HMRC, said: “This was a significant seizure of cash that will severely disrupt criminality.

“The illicit smuggling of cigarettes in the UK deprives the nation of more than £2 billion a year — money which we are determined to claim for the wellbeing of the country’s economy.

“We are committed to ensuring that individuals and businesses pay the taxes they owe. We will vigorously pursue those seeking to escape this responsibility and restore funds derived from criminal activity.”

Three men, aged 21, 29 and 47, were arrested in December in connection with the seizure of the cash. They have been released on bail until Monday March 19 while investigations continue.

Details of where the car was stopped and where the three suspects are from have not been released by HMRC.

OUR PHOTO shows the seized cash.