London Crime Duo Jailed After £70 Million Money Laundering Sting
The final trio of a London-based crime gang has been sentenced today, March 10, following a meticulous five-year probe by the Organised Crime Partnership (OCP).
Russian and Lithuanian Pair Nabbed
Artem Terzyan, 39, from Russia, and Deivis Grochiatskij, 45, from Lithuania, were charged through a joint operation between the National Crime Agency and the Metropolitan Police Service.
Complex Money Laundering Operation Uncovered
Using cutting-edge surveillance, banking records, and Companies House data, investigators uncovered how the duo created shell companies to funnel dirty cash. Money was shuffled through a tangled network of fake firms before being whisked off to bank accounts in Germany, the Czech Republic, the UAE, Hong Kong, and Singapore.
- The criminals laundered a staggering £10 million from fraudulent Bounce Back Loans via these shell companies.
- Luxury pre-owned watches were also traded as a disguise to clean illegal funds.
OCP Reveals the Full Scale of Crime
“Finally, the case established that Terzyan and Grochiatskij had set up a sophisticated, large-scale money laundering system, moving £70 million in criminal cash out of the UK,” said Andy Tickner of the OCP.
“We also mapped the entire network structure and the roles each member played in creating bogus companies and moving money between bank accounts.”
This bust marks a major victory against organised crime and sends a clear message to gangs laundering millions through London’s financial systems.
