A spy finance investigation could be in danger of spiralling out of control in the capital after a London banker’s home was raided in the early hours of Saturday.
Banks are under pressure after the home of an insider was raided and property records found to contain documents from a spy fund were handed over to the Metropolitan Police.
Police will be taking further steps if they need to, but we will not comment further.””
There are currently no arrests, but the investigation is ongoing and there is a possibility of a number of people being arrested.
Police will be taking further steps if they need to, but we will not comment further.”
The man who ran the fund, called Black Diamond, has denied wrongdoing and says he is innocent.
He says he was only making a profit from the fund when he set up a private equity fund called BlackDiamond.
His attorney, Matthew J. Smith, says he has no connection to Black Diamond.
The Home Office has said it has launched an investigation and said there is no evidence the money has been laundered.
It said it is now working with the Financial Conduct Authority to look into the matter.
“There has been no suggestion that any of the people who were in possession of the documents were in any way involved in criminal activity, or were involved in a conspiracy to commit any offence,” a spokesman said.
“In any case, this matter is now under the control of the Financial Crimes Enforcement Network and we will be working with them.”‘
Very disturbing’The Metropolitan Police said it had raided the house of a banker suspected of assisting Black Diamond with spy money.
In a statement, it said: “Police raided a property in Walthamstow, central London, early on Saturday and seized documents and evidence from the property.”
“Officers are investigating the matter and the Met has asked anyone who may have been in the house to come forward and provide any information they have.”
A spokeswoman for Black Diamond said the bank would be “working closely with police to establish the facts”.
“We are confident we have made every reasonable effort to protect our client’s assets and have cooperated fully with our inquiry.”
The bank is confident that all necessary precautions have been taken and that we have been fully compliant with all relevant law enforcement and financial regulation.
“Police are also investigating allegations that a third man is linked to the fund.
Black Diamond’s London office was raided by officers from the Metropolitan police’s counter-espionage unit in May this year.
Investigators have said they are looking into possible links between the spy fund and the private equity firm Blackstone Group.