£40m seized from London criminals

Local London
March 1, 2006

Police confiscated almost £40 million in cash and assets from London criminals in the past year. More than £10 million in cash was seized from 231 criminals, averaging £30,000 a day in 2005, up from £20,000 a day in 2003. In addition to the cash seized, assets totaling more than £28 million was also confiscated, which is three times more than two years ago. The figures represent 30 per cent of the total amount of cash and assets seized nationally in the past year.

Economic and Specialist Crime Command head detective superintendent Trevor Shepherd said there had been "a staggering increase in the number of seizures carried out" and that even more criminals in the capital can expect to "discover that crime doesn't pay"...