Police uncovered a fortune in cash stashed in supermarket bags during a raid on a London flat. Officers stormed the Kensington property on Redcliffe Street on March 2, 2021, as part of a major operation by the Kent and Essex Serious Crime Directorate.
£745,000 in Cash Found Hidden in Flat
The haul was wrapped in plastic bundles, each marked with amounts, suggesting a meticulous division of the illegal funds. More than 100 wraps of cocaine were seized from both the flat and a nearby car. Two men staying at the address, Milan Kosoric, 26, and Pero Mitrovic, 35, were arrested on the spot.
Drugs and Dirt
Kosoric and Mitrovic later pleaded guilty at Maidstone Crown Court to money laundering. Kosoric also admitted possessing cocaine with intent to supply. Both men remain in custody awaiting sentencing.
Police Snatch Back £745,087 Using Proceeds of Crime Act
Kent Police launched an application under the Proceeds of Crime Act to seize the massive cash stash. The claim was uncontested and quickly approved without a court hearing. Detective Superintendent Patrick Milford, head of Major Economic and Cyber Crime, said:
“The huge sums of cash seized clearly show this was an organised gang running drug networks into Kent and beyond. The Proceeds of Crime Act is critical in stopping criminals from profiting from their crimes. We often recover illegal gains long after sentencing and release.”
“Kent Police will get a significant share of the money through the Home Office Asset Recovery Incentivisation Scheme. This cash will be reinvested directly into policing our communities.”
