James Stunt trial: Wealthy socialite laundered £200m of criminals’ cash, court told

Prosecutors alleged that Mr Stunt and the other defendants were in partnership with the owner of Pure Nines, Samir Jagirdar, and Dubai-based international money launderer Shahid Qadar.

Qadar was introduced to Mr Frankel and Mr Rawson by co-defendant Arjun Babber as the ‘kingpin’ in Dubai, whose requirements were too great for Mr Babber to meet.

At that point the money laundering operation “grew to a massive scale”, Mr Sandiford said.

From January to September 2016, £88m was delivered to the Bradford business, with another £15m to Stunt & Co and £17m to Pure Nines in Hatton Garden.

Mr Rawson, Mr Rashid and Mr Babber deny that they knew that the cash was criminal property.

The money likely originated from “large-scale drug dealing” but could also have been generated by fraud, tax evasion or human trafficking, the prosecution outlined.

Fowler Oldfield set up CCTV to reassure couriers delivering cash that it was being counted correctly, but police were able to view the footage after raiding the premises.

“The CCTV recordings meant that if any crook or courier challenged the sum of cash counted and logged, the arrival, opening and counting of the cash could be reviewed to ensure it was correct and no cash had been stolen,” Mr Sandiford told the jury.

The trial continues.

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