Arrests in £50m laundering probe
Eleven men have been arrested on suspicion of laundering the proceeds of a multimillion-pound alcohol and VAT fraud.
The alleged fraud is believed to have involved the laundering of about £50m in evaded duty and tax, HM Revenue and Customs (HMRC) said.
HMRC officers searched 11 residential and eight business addresses in London, Berkshire, East Sussex and Buckinghamshire on Wednesday morning.
The men have been bailed until 30 June.
Computers, £400,000 in cash and personal and business records were removed during the property searches.
The arrested men include two from Windsor, two from Slough, one from Buckinghamshire, and men from Brentford, Wembley, Kingsbury, Hounslow and Surbiton.