What Did James Stunt Do? What Was He Accused Of? Continue reading for more details.

The former husband of heiress Petra Ecclestone has gone on trial accused of being part of a £266m money-laundering operation.

What Did James Stunt Do? What Was He Accused Of?

One of the eight individuals accused of making deposits into the bank account of Bradford gold dealer Fowler Oldfield is James Stunt.

The money, according to the prosecution, entered commercial locations between January 2014 and September 2016 that the accused controlled or operated.

All of the accused contest the allegations.

Cash was gathered from “a lot of criminal activity,” according to prosecutor Nicholas Clarke QC, who presented the evidence at Leeds Cloth Hall Court. He said it was then brought to Fowler Oldfield.

These defendants then concealed its source by washing it via a business bank account and used the money to acquire gold, he claimed.

He told the court five of the defendants, Greg Frankel, Daniel Rawson, Paul Miller, Heidi Buckler and Haroon “Harry” Rashid, claim the prosecution cannot prove any of the cash was criminal property.

The other defendants, James Stunt, Alexander Tulloch and Francesca Sota, said they “don’t know whether it was”, he said.

The attorney informed the jury that “far over a million pounds in used notes” were occasionally deposited into the Fowler Oldfield account.

According to a police investigation, the Fowler Oldfield bank account received almost £266 million in cash and unidentified deposits between January 2014 and September 2016.

The court was told that the money was mostly routed to two Birmingham-based gold suppliers to purchase gold.

Additionally, a total of £46 million was sent into a bank account held by James Stunt’s business, Stunt & Co Ltd.

The defendant’s denials, according to Mr. Clarke, are “nonsense.”

Each of them must have known, at the very least, that the money’s origins were illicit; it could not have originated from a legitimate source, and no genuine source has ever been located for it.

Money laundering is denied by Ms. Buckler, 45, Mr. Frankel, 44, Mr. Miller, 45, Mr. Rashid, 51, Mr. Rawson, 45, Ms. Sota, 34, Mr. Stunt, 40, and Mr. Tulloch, 41.

Both Mr. Stunt and Ms. Sota reject the accusation of forgery.

In 2011, Mr. Stunt wed Ms. Ecclestone, the F1 businessman Bernie Ecclestone’s daughter, in Italy. Despite having three kids together, they got divorced in 2017.

The trial continues