surprise surpriseI had a million quid in the back of my cab! Stunned police find holdall containing £943,000 in passenger compartment of a London taxi
Bag containing £943,000 was found on the back seat of taxi in east London
A sports holdall crammed with almost £1million in cash was seized by police as it was moved across London by black cab, Scotland Yard revealed today.
The bag containing £943,000 was found on the back seat of the taxi when it was pulled over by police in east London last year.
Another suitcase containing £500,000 in £10 and £20 notes was found in the back of a car in a separate incident.
The hauls were only a small part of the £73million in cash and assets including a Ferrari 612 and Class A drugs seized from criminals in London in just 12 months.
Scotland Yard says it is the largest amount of money the force has ever taken off the capital's streets in a year since 2003.
Pictured: The bag containing £943,000 was found on the back seat of the taxi when it was pulled over by police in east London last year
Haul: This suitcase containing £500,000 in £10 and £20 notes was found in the back of a car in a separate incident
The hauls were only a small part of the £73million in cash and assets including this Ferrari 612 seized from criminals in London in just 12 months
The taxi holdall was the largest cash bundle seized in 2015/16 and the largest confiscation order made was for £6,328,119 in May 2015 over the supply of chip and pin machines to central London brothels.
The main perpetrator created a number of sham companies purporting to offer events and function facilities to corporate clients.
These companies were then used to obtain numerous chip and pin machines by fraudulently misrepresenting their business intentions.
Machines were then placed in several brothels in order to facilitate the payment for sexual services and Class A drugs from paying customers.
The cash seized was forfeited by the crooks under the Proceeds of Crime Act in early 2016.
Funds confiscated by the Met are paid to the Home Office, although the force receives a percentage back through the Asset Recovery Incentivisation Scheme.
In the financial year 2015/16, the MPS issued orders under the Proceeds of Crime Act 2002 totalling £73.4million.
Outgoing Met commissioner Sir Bernard Hogan-Howe said: 'The MPS is here to reduce crime and keep people safe. It's satisfying to see criminals pay back for the damage they cause communities through the assets we've recovered.
'The message is loud and clear, crime does not pay and criminals who think it does will have to deal with the full force of the MPS.'