Two men have been arrested in connection with a police probe into an £800,000 fraud involving stolen banking documents.

Detectives from the Met’s FALCON fraud squad, along with Royal Mail Investigations Team, executed warrants at three addresses in Leytonstone, Haringey and Romford this morning (Wednesday, September 6).

Two men, aged 25 and 32, were arrested on suspicion of conspiracy to defraud and money laundering between April 2014 and the present day.

The pair were taken to a north London police station for questioning and have since been released under investigation.

The arrests follow a joint investigation with the Royal Mail Investigations team in relation to stolen banking documents, cards and passbooks being passed to “money mules”.

Detectives believe the documents were used to make purchases, open further bank accounts and commit identity fraud totalling an estimated £800,000 to date.

The two arrested men are not Royal Mail employees.

Joint enquiries between the co-operating investigative bodies are ongoing.