Police investigation into multi million pound fraud continues

Police searches in connection with multiple fraud and money laundering offences will continue today (THURS)

Yesterday officers from the Isle of Man Constabulary Financial Investigation Team  executed six warrants at addresses in Douglas and Onchan.

They're being supported by officers from Her Majesty's Revenue and Custom and the National Crime Agency.

There's expected to be further police activity around Hill Street and Manor Park today.

So far 13 warrants have been executed and seven people have been arrested across the UK, Guernsey and the Isle of Man as part of the investigation.

Inspector Flint says significant amounts of cash and business records have been seized and will be subject to further investigation.