Man loses 500,000 confiscated cash

freedom       2003-12-10 
A man battling for the return of 500,000 confiscated by police cannot have his money back, the Court of Appeal has ruled.

Mark Fay, a citizen of the Irish Republic, left three items of luggage with Group 4 Security in Luton, Bedfordshire, in July 1993, telling staff they contained his parents' mortgage documents.

Suspicious security men inspected the bags and found 390,790 in used Bank of England and Bank of Scotland notes.

Group 4 contacted police who were waiting for Mr Fay when he returned six weeks later to collect the luggage.

He refused to answer questions about the cash and police suspected him of money-laundering, but decided there was not enough evidence to prosecute.

Read more...