Alfie Best Junior, who made the under 30 rich list in 2021, sold £1million of luxury timepieces through his company The Best Kettles to a firm suspected of money laundering, a court heard.
The son of gypsy billionaire Alfie Best has been ordered to pay £100,000 after flogging 'dubious' Rolex watches to suspected 'money laundering' scrap metal firms
Financial investigator Mr John Foreman told a proceeds of crime hearing: 'Over a year I have investigated a number of companies that we believe have just been set up just to launder cash from scrap metal. 'There was no real trading expenditure, no wages, anything of that nature – immediately you could quite clearly see the purchases of high value watches or gold in some instances.'
Best Jnr is sole director of The Best Kettles, according to Companies House, with its office registered in London's Hatton Garden.
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