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.