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14/11/2012
Police Launch Series Of Raids Across London
More than 100 people have been arrested in a series of police raids across London.
About 1,300 officers are targeting gangs involved in drug dealing, money laundering, prostitution, fraud and other economic crimes.
Since the raids began early on Wednesday, police have so far seized in excess of £280,000, three BMW cars, two Mercedes and £100,000 cash from an address in Essex.
Sniffer dogs which can uncover hidden money are also being used by officers.
Metropolitan Police Commander Steve Rodhouse said: "Money is the main motivation for many criminals, be they heads of organised criminal networks, gang members or street-level offenders.
"The money they make from crime earns them status in the eyes of associates; it funds more crime and, for some, pays for them to lead luxurious lifestyles they do not deserve.
"When we take away criminals' money, we take away a lot of their capability and motivation to commit crime."
The 360 raids taking place as part of Operation Stimtone 2 follow a similar move by police in May which resulted in 158 arrests and the seizure £2.4m cash, a motorboat and designer watches.
(H)
About 1,300 officers are targeting gangs involved in drug dealing, money laundering, prostitution, fraud and other economic crimes.
Since the raids began early on Wednesday, police have so far seized in excess of £280,000, three BMW cars, two Mercedes and £100,000 cash from an address in Essex.
Sniffer dogs which can uncover hidden money are also being used by officers.
Metropolitan Police Commander Steve Rodhouse said: "Money is the main motivation for many criminals, be they heads of organised criminal networks, gang members or street-level offenders.
"The money they make from crime earns them status in the eyes of associates; it funds more crime and, for some, pays for them to lead luxurious lifestyles they do not deserve.
"When we take away criminals' money, we take away a lot of their capability and motivation to commit crime."
The 360 raids taking place as part of Operation Stimtone 2 follow a similar move by police in May which resulted in 158 arrests and the seizure £2.4m cash, a motorboat and designer watches.
(H)
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