A major cover story in Investigate last year has proven correct after the collapse of all charges against a group of men accused of the biggest ever fraud against the Bank of England.
The story detailed how a mysterious group of elderly Chinese had lured an Australian and a New Zealander to help represent their case to the Bank of England for cashing in what prosecutors allege was a $75 billion fraud against the bank using fake old banknotes.
Investigate magazine, with exclusive access to documentation that British prosecutors did not have, reviewed the evidence and determined no charge could stick.
Four days after publication, a British court threw out charges against six accused who had been arrested in a major sting operation trumpeted around the world. However, British police announced they were still trying to extradite and prosecute New Zealand man Bryan Archer.
Today, Investigate has learned Scotland Yard is withdrawing all charges against Archer as well, bringing an end to one of their most embarassing goofs.
The trial went from bad to worse when a prosecution claim that 500,000 pound banknotes had never been produced, was contradicted by a key Bank of England witness who confirmed the notes did in fact exist for interbank use.