Oldham Advertiser - - #OLDHAMLIVE -

PO­LICE in­ves­ti­gat­ing a £10m money-laun­der­ing racket have swooped to make a fur­ther ar­rest.

Dawn raids were car­ried out at prop­er­ties in Old­ham, Cheetham Hill, Sal­ford, Al­trin­cham, Open­shaw, Bolton and Sale and seven men and two women were ar­rested.

Now a 33-year-old man has been ar­rested and bailed on sus­pi­cion of money laun­der­ing.

Dur­ing the raids, of­fi­cers seized high value cars worth a to­tal of £500,000 – in­clud­ing Porsches, a Range Rover and a Mercedes. De­signer hand­bags and shoes, per­fume and a sig­nif­i­cant amount of cash and lap­tops were also re­cov­ered.

The raids were part of an eight-month in­ves­ti­ga­tion into money laun­der­ing ac­tiv­i­ties by or­gan­ised crime groups across Europe by of­fi­cers from Ti­tan, the North West Re­gional Or­gan­ised Crime Unit. would see the ho­tel and con­fer­ence fa­cil­i­ties op­er­ated by the na­tional train­ing academy – as the pre­ferred op­tion.

Coun­cil leader Jim McMa­hon said: “As we work through th­ese schemes, de­tailed work is on­go­ing to en­sure they are af­ford­able, add value to the lo­cal econ­omy and will gen­er­ate new in­come to support coun­cil ser­vices.

“This re­view rec­om­mends we pro­ceed to the next stage with the Ho­tel Fu­ture business model.

“Dur­ing the course of that, the train­ing el­e­ments and po­ten­tial fund­ing will be de­vel­oped, but th­ese find­ings also give us con­fi­dence that if this model isn’t de­liv­er­able we have other op­tions.

“That is a good po­si­tion to be in.”

Pro­pos­als to re­fur­bish the Queen El­iz­a­beth Hall are also ex­am­ined in the strate­gic re­view.

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