£200M money laundering empire exposed—three ringleaders on the run! A UK court has sentenced four men for orchestrating one of the largest money laundering operations in British history, funneling dirty cash into gold and shipping it to Dubai. Gregory Frankel, Arjun Babber, Daniel Rawson, and Haroon Rashid used jewelry businesses as fronts, laundering millions through fast food boxes and children’s toys.
Key Takeaways:
- Four men convicted in one of the UK’s biggest-ever money laundering cases.
- £200 million in dirty cash laundered through gold purchases and funneled to Dubai.
- Sentences: Gregory Frankel (11 years, 8 months), Arjun Babber (11 years), Daniel Rawson (10 years, 10 months), Haroon Rashid (10 years).
- Only Rawson appeared in court—the other three are on the run.
- Illicit funds disguised in fast food boxes, children’s toys, and holdalls before being counted and laundered.
The Story:
A massive UK money laundering network has been dismantled, but three out of four ringleaders have vanished before facing justice. The gang, led by Gregory Frankel and Daniel Rawson, ran a sophisticated operation, using Bradford-based jeweller Fowler Oldfield, a Hatton Garden business, and a London-based firm, Pure Nines Ltd, as fronts to clean dirty cash and convert it into gold.
Between 2014 and 2016, couriers delivered hundreds of thousands in cash daily, stuffing it into fast food boxes and toys before it was counted with high-tech machines. The money was funneled through company accounts, used to buy gold, and shipped to Dubai, making it nearly untraceable.
The operation came crashing down in 2016, with authorities seizing millions in illicit funds. However, the three key players have disappeared, with arrest warrants issued.
Who Was Involved?
- Gregory Frankel & Daniel Rawson – ran Fowler Oldfield, turning it into a front for criminal cash.
- Haroon Rashid & Arjun Babber – key facilitators in the laundering scheme.
- James Stunt (ex-son-in-law of F1 mogul Bernie Ecclestone) was accused but cleared, after allegations his Mayfair office was used as a “trusted hub” for money laundering.
What’s Next?
- International manhunt underway for Frankel, Babber, and Rashid.
- Authorities expect more arrests and asset seizures linked to the operation.
- £200M in illicit wealth has left a digital trail—who else was involved?
Call for Information:
Have insights into the missing ringleaders, hidden assets, or laundering networks? Contact FinTelegram—your intel matters!
