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Man held on suspicion of Olympic ticket fraud London 2012: Man charged with Olympic ticket fraud
(40 minutes later)
A 39-year old man has been arrested on suspicion of the unauthorised sale of Olympic tickets, Scotland Yard says. A 44-year old man from Catford in London has been charged with two counts of fraud over the sale of Olympic tickets, Scotland Yard has said.
Detectives from Operation Podium and Leicestershire Police took him into custody on Tuesday morning. Christakis Ioannou will also face charges of money laundering and the illegal sale of Olympic tickets when he appears at West London Magistrates' Court on 4 July.
The arrest is part of an ongoing enquiries into the unauthorised sale of Olympic and Paralympic tickets as part of a corporate hospitality package, Scotland Yard added. Meanwhile a 39-year old man has been arrested on suspicion of the unauthorised sale of Olympic tickets.
The man is being questioned at a police station in Leicester. He is in custody in Leicester.
That arrest was made on Tuesday morning by officers from the Metropolitan Police's Operation Podium - its team investigating ticket fraud and touting connected to the London Olympic and Paralympic Games.
It was a result of ongoing enquiries into the unauthorised sale of Olympic and Paralympic tickets as part of a corporate hospitality package, Scotland Yard added.
A search warrant was executed at a business address in central Leicester.A search warrant was executed at a business address in central Leicester.
Operation Podium is the Metropolitan Police's team investigating ticket fraud and touting connected to the London Olympic and Paralympic Games. The Operation Podium team also work to combat scams involving non-existent hotel rooms and companies being duped into buying luxury goods which never turn up.
The team also work to combat scams involving non-existent hotel rooms and companies being duped into buying luxury goods which never turn up. As of 14 June, 186 people have been arrested by officers working for the operation.
As of 14 June, 186 people have been arrested by officers working for Operation Podium.
In March, eight people were charged in connection with a £2.3m fraud against the Olympic Delivery Authority.In March, eight people were charged in connection with a £2.3m fraud against the Olympic Delivery Authority.