They both oppose the application to have the proceeds of the vehicle sales deemed crime proceeds and deny Cab’s claims about the business, which operated out of a portacabin on a leased lot.
Money generated from drug dealing was passed through the car sales business, which began trading about seven years ago, in an attempt to make it seem like the funds were derived from a legitimate source of income, counsel said. It is Cab’s case that the funds used by the company to buy cars, many of which were purchased in the UK, were derived from the proceeds of drug dealing, she added. The company also engaged in other illegal activities including VAT fraud, she said.
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