A man from Onchan has been sentenced to three years and two months in prison for money laundering offences.
Elton Edwin Sheldon, of Ballachrink Drive appeared at Douglas Courthouse earlier today for sentencing,
He was sentenced in respect of four counts of Money Laundering and one offence contrary to the Forgery Act 1952.
Sheldon had tried to pass 301,752 Euros stolen from a company in France through a Manx bank account.
He had then tried to move 230,000 euros of it from the Island to China.
The Constabulary says it won’t tolerate the Island being used as a vehicle to launder money, and will treat such offences seriously.
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