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Police seize more than £22,000

Warwickshire Police and West Mercia Police Economic Crime Unit (ECU) has secured the forfeiture of £22,800, under the Proceeds of Crime Act 2002 (POCA), which was seized on 12 May from a 27-year-old man on the A5, near Crick.

After being pulled over in his vehicle following a fail to stop for West Midlands Police the previous day, police seized the plastic bag containing the money. The man, from Smethwick, was arrested on suspicion of money laundering and was later released from custody, under investigation.

The cash was detained under the POCA on Thursday 8 of June, followed by a court hearing of the first application for forfeiture at Leamington Spa Magistrates' Court on Monday (12 June). The court ordered confiscation of the entire £22,800, determining that the money was intended for use in crime.

Bob Turner from the Alliance ECU said: "This is another example which illustrates Warwickshire and West Mercia Economic Crime Unit's determination to protect our communities from harm. Our securing of the cash, believed to be obtained from crime or intended to finance criminal activity, is now out of circulation once and for all."

A criminal investigation continues to help determine whether this is in fact a case of money laundering.

Issued: Thursday 15 June at 9am by Vicky Smith in Corporate Communications

Published 15/06/17