Brink's-Mat robbery bullion bars bearing the refiner's mark and serial numbers of bars stolen in the Brink's-Mat robbery. According to the police spokesman, the bars were gold-coated tungsten counterfeits, and therefore could not be Johnson Matthey's stolen gold bars. He said that the arrested men planned to fraudulently claim they were from the Heathrow robbery. No explanation was given as to how the counterfeiters obtained the unpublished bar serial numbers, nor the likely benefit of counterfeiting stolen property in this way. A person named Gordon Parry laundered large amounts of cash from the robbery after the disposal of the gold according to
John Palmer (criminal) of Scadlynn Ltd were arrested for their involvement in melting down £26 million worth of gold from the robbery to try to pass it off as legitimate. Two days after armed robbers Brian Robinson and Micky McAvoy were jailed, Chappell withdrew £348,000 from the company's accounts. Throughout their trial, a total of £1.1 million had been withdrawn. During the raids, one of the suspects refused to confirm what they had been melting that morning. It was revealed that the company had been processing millions of pounds' worth of gold, but claimed it was gold they had purchased themselves. The company's