UK authorities uncover £70 million cannabis ring
A court case at Southwark Crown Court has this week reveal details of a £70 million cannabis ring operated from within the UK. As the UK authorities continue to crack down on crime in the UK it was revealed that 88 shipments were made to the UK bringing enough cannabis into the country to supply 225,000 street deals per week. Indeed it was revealed that the gang made so much money that £60,000 in used notes was left to go mouldy!
Over the last few years the UK government has invested heavily into the UK police force and its various offshoots which is proving more and more successful. Not only have we seen financial fraud convictions increase but there has also been a marked improvement in conviction rates across the board. It has taken many years and millions of pounds of taxpayer's money to improve the services but ultimately the proof is in the pudding.
Under new legislation the UK government is now able to confiscate money raised by illegal means which will come in very useful in the current economic environment. While criminal activity, especially fraud scams, has risen significantly during the recession there is no doubt that the UK authorities are now more in control than ever before.
Share this..
Related stories
Gordon Brown refuses to step down
In an interview on the BBC Andrew Marr show, Gordon Brown was asked whether he would contemplate standing down as leader of the Labour Party if his party members so wish. In an astonishing swipe at the electorate and Labour Party members Gordon Brown reiterated his stance that he is in the long run and would not even consider standing down if, as expected, the government is annihilated at the fort...
Read MoreIs £20 billion enough to save the UK economy?
The Chancellor Alistair Darling has tonight increased concern that the UK economy is heading for a serious recession after airing his views that the £20 billion fiscal injection of last week may not be enough. This is a serious development as the government had apparently placed their last hope on the £20 billion package as a way to refloat and rebase the UK country.
If after jus...
FSA stress tests consider worst-case scenario
While the Financial Services Authority (FSA) has refused to reveal the results of various stress tests on the U.K.'s financial sector and financial companies, the FSA has revealed details of its criteria. It is worth while stressing that this is a worst-case scenario, and one which is unlikely to happen, however the FSA used a figure of 12% unemployment, no growth in the economy until 2011, a 50%...
Read MoreMPs blame bankers for economic turmoil
Yet again the UK banking scene has come in for some significant criticism from MPs across all parties. Blaming a culture of "easy rewards", the fault for the current economic climate has been laid fairly and squarely at the door of the UK financial sector. However, this is now old news and many consumers across the UK are more interested in the future and how regulators will ensure we do not see a...
Read MoreBank tempted by half-point hike in May meeting
The Bank of England considered raising interest rates by 0.5 per cent to 5.75 per cent in its May decision.Minutes from the May meeting of its monetary policy committee (MPC) show unanimity on the eventual decision to raise the base rate by 0.25 per cent to 5.5 per cent.Despite not having raised rates by a half-point since chancellor Gordon Brown granted the Bank independence on rate-setting in 19...
Read More