22 March 2015
He was arrested in relation to suspicion of conspiracy offences and money laundering in the Isle of Man.
The suspect, who had been previously arrested and questioned by HMRC in the UK, was further arrested on arrival to the island, at about 7.15pm last night.
Officers from the Manx police force continued their searches yesterday at a number of addresses, executed under search warrants in and around Douglas as part of an investigation into multiple fraud and money laundering offences.
The Manx force, which has been supported by HM Revenue and Customs and the National Crime Agency, hope their searches will be completed later today.
Manx officers are looking for another individual in connection of the same offences. That person is believed to be in the UK.
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