Hash banker stashed millions in secret depot

A young man, who acted as a banker for cannabis dealers and their customers, is being charged with hiding millions of kroner in a secret depot in Denmark. According to Copenhagen police, over the past year, up to DKK 50 million (USD 9.4 million) was stashed in a hotel room in the city.

A man in his twenties appeared in court this week charged with providing cannabis smokers with a place to pay their debts and dealers with a place to pick up their earnings. He claims, however, that the amount involved in the scheme was only DKK 10 million (USD 1.9 million).

The accused was arrested on 9th June this year after being caught red-handed with a rucksack containing DKK 592,000 (USD 111,800). Police also recovered a further DKK 3.7 million and EUR 75,000 from the depot, DKK 80,000 from the man’s car, and DKK 76,000 from a cupboard in his Copenhagen flat.

According to the court, the man would collect cash from the customers before depositing it in a room at the Shurgard Company in Kastrup. The drug suppliers were then able to go to the storeroom and pick up their money.