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A now defunct Bradford jewellers that has been accused of laundering hundreds of millions of pounds of criminal money has kicked off this week.

Fowler Oldfield was linked to the case last year when bank NatWest was involved in its own court case over the events, accused of not following the proper monitoring procedures to prevent this kind of crime.

The alleged money laundering is said to have taken place from 1 January 2014 and 30 September 2016.

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Local publication the Telegraph & Argus reported that eight people are being tried for transferring criminal property.

The names of the accused are Gregory Frankel, Daniel Rawson, Paul Miller, Heidi Buckler, James Stunt, Francesca Sota, Alexander Tulloch and Haroon Rashid, while Stunt and Sota are also accused of forgery.

They have reportedly plead not guilty to all charges at the Leeds Cloth Hall Court case.

The Telegraph & Argus reported that the prosecutor at the trial said payments of “well over a million [pounds]” were made daily, adding: “These substantial payments had aroused particular suspicions because they were of such an amount, on a daily basis, as may come from a Premier League football stadium on a match day or similar size venue or event.”

The case is ongoing. Read more about NatWest’s own court case below:

NatWest facing ‘very large fine’ over £365m money-laundering jeweller case

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