Solihull property developer part of £6m money laundering probe - The Solihull Observer

Solihull property developer part of £6m money laundering probe

Solihull Editorial 17th May, 2019   0

A PROPERTY developer from Solihull has been ordered to hand over assets as part of a money laundering probe, the National Crime Agency (NCA) has said.

Eric Grove, aged 89, from Lapworth, was one of three people who had to forfeit a combined £6m of assets as part of an investigation into businessman Jonathan Nuttall.

Nuttall, from Romsey in Hampshire, structured his wealth to be in the name of his wife Amanda, it was alleged.

Mrs Nuttall won more than £2.5m on the National Lottery in 2008.

The NCA said Mr Nuttall, 46, and his 45-year-old wife had shared a £2,000-a-week flat in Belgravia, London, and hired private jets for holidays in Cannes and Dubai.

The White Horse Hotel and Brasserie in Romsey, properties in London and a £100,000 Bentley were among the items seized, said the NCA.

Nuttall’s activities first came to light during another NCA civil recovery investigation involving convicted drug smuggler Amir Azam where £4million in assets were recovered.

Barrister Timothy Becker, 55, from, London, who will also have to hand over assets.

Andy Lewis, head of asset denial at the NCA, said: “Jonathan Nuttall amassed considerable wealth as a result of his and others’ unlawful conduct.

“He is not himself a party to the claim. That is because he structured his business affairs so that he didn’t hold any of the recoverable property himself, leaving everything in the name of his wife and others.

“Recovering assets that have been illegally obtained is a priority for the NCA and we are pleased that our commitment to this investigation into Nuttall and his associates has paid off in agreeing this settlement.

“The defendants were of high standing within their communities with interest in local properties and businesses. Crime most certainly has not paid in this case.”


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