The prosecution alleged that the owner and managing director of a company involved in the sale of aircraft had sold three aircraft to drug traffickers operating out of South America. He received monies in Madrid as part payment for the sale and it was claimed that he must have been suspicious that the money was the proceeds of crime.
The defendant was represented by William Clegg QC instructed by Ian Ryan of Finers Stephens Innocent. He was found not guilty of all five counts of money laundering. Earlier in the proceedings the same legal team had successfully appealed the making of a restraint order which would have prevented the defendant from funding his own defence.
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