Where is the gold?

The raid was au­da­cious, but the oper­a­tion to hide and process the hot bul­lion was clev­erER STIL, and IT has left po­lice guess­ing to this day

Real Crime - - Brink’s- Mat Robbery -

De­tec­tives know where some of the gold went: through the smelters of Ken­neth Noye and John Palmer, de­graded with coins to hide its pu­rity as it was melted down. An­a­lysts sug­gest any­one wear­ing gold bought after 1983 prob­a­bly have some traces of Brink’sMat gold in their jew­ellery.

The pro­ceeds were spent on new ven­tures, such as hous­ing de­vel­op­ments in London and Spain and time­share apart­ments in Tener­ife, while some of the gang­sters diver­si­fied from risky raid­ing into the newer crim­i­nal sec­tors, like co­caine and ec­stasy. There were also in­vest­ments in an Amer­i­can oil well and even Chel­tenham Ladies’ Col­lege.

The gold was worth £ 26 mil­lion, but the canny gang mem­bers were able to in­vest it so that its value bal­looned to around half a bil­lion pounds, a stun­ning profit.

Still, today, up to 70 per­cent is yet to have been re­cov­ered, al­though there have been deals. Ken­neth Noye handed back £ 3 mil­lion from the pro­ceeds of Brink’s- Mat. Tony White, who was ac­quit­ted of his in­volve­ment in the heist, was or­dered to pay £ 2.1 mil­lion in com­pen­sa­tion to Brink’s- Mat’s in­sur­ers.

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