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Socialite James Stunt has been found not guilty in a more than £200mn money-laundering prosecution, one of the UK’s largest-ever cases for the offence.
The former son-in-law of Formula One magnate Bernie Ecclestone was cleared of concealing, disguising, converting and transferring criminal property by a jury at Cloth Hall crown court in Leeds on Tuesday, the Crown Prosecution Service said in a statement.
Jurors were told at the trial that Stunt, 43, had started a joint venture with a Bradford-based precious metals and jewellery dealer, which prosecutors claimed was a financial “gateway” for criminals between 2014 and 2016.
Four other defendants — Gregory Frankel, Daniel Rawson, Haroon Rashid, and Arjun Babber — were found guilty of money laundering by the jury.
