£250,000 In Cash Found At Ferryport

Officials are investigating the discovery of a quarter of a million pounds in used banknotes in a lorry at Portsmouth ferryport.

On 14 January, UK Border Agency officers stopped a lorry heading for Santander in Spain which was being driven by a 53-year-old British man.

The Agency's told us:

“A search of the lorry revealed cash totalling in excess of £250,000. This was seized under the Proceeds of Crime Act.

“The man was arrested, interviewed and later released on bail. Enquiries are ongoing.

“Under the Proceeds of Crime Act, anyone leaving the UK with more than £1,000 in cash must provide evidence for the source and intended use of the money or face having it detained.

“This is to prevent money made from criminality being hidden in bank accounts and other assets overseas.”