Safety box guilty plea

A businessman who ran a safe deposit company at the centre of a £50 million police raid has admitted a string of offences in a long-running case.

Milton Woolf, a 54-year-old former treasurer of New London Synagogue, who lives in Golders Green, pleaded guilty to 14 charges at Southwark Crown Court last week, including possessing a revolver and false passports, not reporting money-laundering, and having $60,000 in counterfeit currency.

Police found £50m in cash, illegal elephant tusks, drugs and firearms during the 2008 Operation Rize raids at Safe Deposit Centres Limited, in Finchley Road, of which Mr Woolf was a director.

Fellow director Jacqueline Swan, 46, and former director, Leslie Sieff, 64, who was previously on the search committee at NLS to find a rabbi after the death of Rabbi Dr Louis Jacobs, also pleaded guilty. Mr Sieff admitted one count of possession of $60,000 of counterfeit currency.

Mr Sieff and Mr Woolf are both South African Jews who have lived in London since the 1980s.

    Last updated: 3:35pm, January 27 2011