UK: Money laundering conviction over multi-million pound drugs conspiracy in Surrey


A woman has been found guilty of money laundering for drug dealers who were preparing to supply cocaine to the streets of Surrey in a multi-million pound drugs conspiracy.

Karen Monaghan was convicted at Guildford Crown Court of two charges of money laundering, but was acquitted of a third charge. Her husband Christopher had already pleaded guilty to the same three charges of money laundering and an additional two counts of conspiracy to supply a class A drug.

The charges relate to a case, which saw six men sentenced to more than 50 years imprisonment in October 2013 on counts of supply a controlled drug, money laundering, possession of ammunition and counterfeit currency. They had been preparing to supply cocaine with an estimated street value of between £4 and £5 million.

Chief Crown Prosecutor for CPS South East, Jaswant Narwal, said: “The evidence in this case clearly showed that both Karen and Christopher Monaghan had an indulgent lifestyle that was unsustainable based on the earnings they had declared. They owned three properties and made cash purchases totalling more than £40,000, with the money spent on a Porsche Cayenne and luxury holidays. Yet despite their expensive and cash rich lifestyle, their declared earnings were negligible and they were in fact claiming benefits.