Cash scam jailing

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A CATHCART man has been jailed for a year after being found guilty of laundering money.

Colin Horsfall (55) was sentenced along with Douglas Kinloch (44) from Castlemilk and James Kinloch (68) from Toryglen.

The three men were arrested following a Scottish Crime and Drug Enforcement Agency investigation.

On February 6, 2007 SCDEA officers witnessed both Kinloch’s getting into Douglas Kinloch’s car carrying a number of bags.

The car was subsequently stopped and searched. Officers found 127,170 euros in a bag at James Kinloch’s feet and £6,990 was found in a bag in the glove compartment. James Kinloch had £2,950 in his pocket and £2,575 was recovered from Douglas Kinloch.

The bags contained a number of currency exchange receipts which showed £19,495.66 had been converted into 28,730 euros that morning at currency exchanges in Clydebank, Paisley and Shawlands.

The currency exchanges had been carried out by Douglas Kinloch and Colin Horsfall.

In total €127,170 euros and £42,810 in Sterling banknotes were seized.

All three pleaded not guilty during the course of the two-week trial but were found guilty following the verdict returned by the jury on December 16, 2010.

Detective chief superintendent Tony Mole, head of investigations group SCDEA, said: “These criminals were transferring significant amounts of dirty money through currency exchange in an attempt to conceal its origins and make it legitimate.

“This result demonstrates law enforcement is committed to tackling serious organised crime in all its forms.

“Detecting and seizing the proceeds of criminal activity is an essential part of tackling serious organised crime in Scotland.

“We are committed to working with our law enforcement partners to ensure criminals no longer enjoy the profits of their illegal dealings, but instead are forced to literally pay the price for their criminality.

“Targeting criminal assets not only disrupts the ability of crime networks to operate, it can lead to additional investment in communities across Scotland, to help improve the quality of life of the majority law abiding citizens”.

He added: “I would urge members of the public who might have information on serious organised crime to call Crimestoppers anonymously on 0800 555 111.

“Even the smallest piece of information can be the key to unlocking a much larger criminal network”.