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UK Heist money hidden offshore?

Most of the loot was melted down and never recovered, despite a number of convictions over the crime.

London: A Panamanian shell company may have helped hide millions of dollars from the Brink’s-Mat heist, a British gold bullion robbery that is etched in criminal folklore, leaked tax documents allege.

Dubbed the “crime of the century” by British media, the caper saw a masked gang make off with three tonnes of bullion worth nearly $40 million from a Brink’s-Mat warehouse at Heathrow Airport in November 1983.

The gang tied up security guards and doused them with petrol, with one of the villains quipping “thanks so much for your help, have a nice Christmas” as they made off in a transit van laden with gold ingots.

Most of the loot was melted down and never recovered, despite a number of convictions over the crime. British detectives believe the money still swills around criminal networks through property investments and shadowy overseas holdings.

Mossack Fonseca, the law firm at the centre of a massive online “Panama Papers” leak, may have helped shield the cash from British police investigators, according to the International Consortium of Investigative Journalists.

( Source : Agencies )
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