Socialite James Stunt accused of being involved in £266m money-laundering scheme

United Kingdom News News

Socialite James Stunt accused of being involved in £266m money-laundering scheme
United Kingdom Latest News,United Kingdom Headlines
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Stunt is one of eight defendants charged with money laundering involving depositing cash into the account of Bradford gold dealer Fowler Oldfield.

The other defendants, including Stunt, Alexander Tulloch and Francesca Sota, have argued they"don't know whether it was", prosecutor Nicholas Clarke told the court.

Jurors were told West Yorkshire Police launched an investigation, named Operation Larkshot, which looked into large amounts of cash being credited to the bank account of Fowler Oldfield collected from three sites. He said the payments started"getting much bigger in 2016" and on some days"well over a million pounds in notes" was being paid into the account.

It was later discovered that from 1 January 2014 until 16 September 2016, more than £266m in cash and unknown deposits were paid into the account.After the cash had been credited to the bank account, it was transferred mainly to two Birmingham gold suppliers, Cookson Precious Metals Limited and Metalor Technologies Limited to buy gold, the court heard.

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