Crosswords2 mins ago
Burglary At Ricky Hatton's Home
// Watches worth £28,000 and a large number of 500 euro notes were stolen during a burglary at Ricky Hatton's home after he tweeted he was away.
"Similarly, the euros were in large denomination notes not typically used by the public." //
Seemed odd. Now read this from 2010
// This is why a little-remarked-upon development in official policy on the denominations in which the euro is issued has sent shockwaves through the world of organised crime. Until last month, many British gangsters stored their spoils in the form of €500 notes. While £1m weighs 50kg in £20 notes, the same value weighs only 2.2kg in €500 notes. This has made life easier for a growing number of criminals, since the euro's introduction in 2002. Should you wish, for example, you can swallow €150,000 in €500 notes, or hide €20,000 of them a cigarette packet, while even £1m can be hidden quite easily in secret compartments in a suitcase.
However, fed up with abuse of the currency, Britain's Serious and Organised Crime Agency (Soca) has decided with the Treasury and Home Office to remove €500 notes from circulation in Britain. Soca's ban follows an investigation which revealed that 90 per cent of the €500 notes in this country are being used for criminal purposes. //
"Similarly, the euros were in large denomination notes not typically used by the public." //
Seemed odd. Now read this from 2010
// This is why a little-remarked-upon development in official policy on the denominations in which the euro is issued has sent shockwaves through the world of organised crime. Until last month, many British gangsters stored their spoils in the form of €500 notes. While £1m weighs 50kg in £20 notes, the same value weighs only 2.2kg in €500 notes. This has made life easier for a growing number of criminals, since the euro's introduction in 2002. Should you wish, for example, you can swallow €150,000 in €500 notes, or hide €20,000 of them a cigarette packet, while even £1m can be hidden quite easily in secret compartments in a suitcase.
However, fed up with abuse of the currency, Britain's Serious and Organised Crime Agency (Soca) has decided with the Treasury and Home Office to remove €500 notes from circulation in Britain. Soca's ban follows an investigation which revealed that 90 per cent of the €500 notes in this country are being used for criminal purposes. //
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