TWO men arrested on suspicion of money laundering following a raid at a Suffolk village scrap yard have been released on police bail.

TWO men arrested on suspicion of money laundering following a raid at a Suffolk village scrap yard have been released on police bail.

The 76-year-old man and the 65-year-old-man, both from Red Lodge near Mildenhall, had been in custody since their arrest yesterday.

Tonight they were released on bail to return to Bury St Edmunds police station on November 18.

Police stormed the Ponderosa scrapyard in Red Lodge on Monday - seizing three cars, one van and an oil dowser.

Robert McGivern, 38, from Bridge End Road in Red Lodge, appeared before magistrates in Sudbury yesterday charged with concealing criminal property.