Two arrested on money laundering warrants in Shrewsbury

Two arrested on money laundering warrants in Shrewsbury

Two men were arrested in Shrewsbury yesterday after three warrants were executed in the town in connection with money laundering.

Officers from the Economic Crime Unit, along with officers and staff from other teams, carried out three simultaneous warrants at properties in Dove Close, Stapleton Road and a unit in Hereford Road.

Following a search of the properties, officers seized more than £20,000 in cash. Mobile phones were found at all three addresses and will be analysed by the force’s Digital Media Investigation Team.

Two men aged 40 and 20 have been arrested on suspicion of possession of class B drugs and money laundering, while our investigation continues.

Detective Sergeant Rachel O’Brien, from the Economic Crime Unit, said: “This morning’s action is the result of months of hard work by detectives in the unit as part of the ongoing crackdown on suspected organised crime finances.

“The illicit money and assets that have been acquired through crime and are typically a catalyst for more serious crimes and today’s activity are another positive step in disrupting financial crimes to make our three counties even safer places to live, work and visit.

“As always, we ask anyone with information or concerns to contact us. Information gathered from the public continues to assist us in our ongoing investigations.”