A HOME in Earley was raided by police today as part of an operation to crack down on money laundering.
The Pitts Lane house was one of nine warrants that Thames Valley Police executed across Oxfordshire, Berkshire, Buckinghamshire and Nottinghamshire.
In a statement this morning, the Economic Crime Unit said that four arrests were made: a 41-year-old man, a 34-year-old man and a 27-year-old man, all from Oxfordshire, as well as a 49-year-old man from Berkshire.
The arrested people are now in custody. Two women and two men are also awaiting interview in connection with the warrants.
During the raids, cash, jewellery and vehicles were seized.
Detective Inspector Duncan Wynn, of the Thames Valley Police Economic Crime Unit, who led the operation, said: “The offences which took place at these properties are not linked, but were targeted as part of a day of action in order to combat economic crime across the Thames Valley.
“We are investigating money laundering offences, and after gathering intelligence, we carried out this series of warrants.
“Money laundering is a key element of serious and organised crime, much of which has devastating consequences for victims and communities across the Thames Valley. Those who commit these offences, and those who are affected by them, come from all walks of life.
“Many people think of money laundering as being a victimless crime, but I want to highlight that this is not the case and the seriousness of these offences.
“Those who carry out this sort of offence are often responsible for ensuring that there is a financial reward involved in crime and are contributing to the misery caused to many by organised crime.
“We will not tolerate money laundering or other economic crimes, and will continue to target and disrupt those who carry out these sorts of offences.
“If you are aware of any economic crime, or would like to report any offence, please call Action Fraud on 0300 123 2040.”
The warrants took place at properties in:
- Pixey Close, Yarnton
- Darwin Close, Milton Keynes
- Marshall Road, Oxford
- Pitts Lane, Earley
- Mallards House, High Wycombe
- Jackstraws Lane, Oxford
- Banbury Road, Oxford
- Stainfield Road, Oxford
- Banks Hill, Woodborough, Nottinghamshire
