Oil boss ordered to pay £46k for cocaine trafficking

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A former oil industry manager who was caught trafficking cocaine after his flat sprung a leak has been ordered to hand over £46,000 crime profits.

Martin Wallace, 49, was jailed for four and a years in 2017 after police recovered two kilos of the drug, worth around £182,000.

The Crown brought a proceeds of crime action against him to recover some of the profits from his drugs offences, and a hearing was held at the High Court in Edinburgh yesterday.

Lady Scott said a confiscation order would be made in the sum of £46,074, with Wallace given six months to pay.

Wallace earlier pled guilty to being concerned in the supply of the Class A drug between November 1 and December 9 in 2016 at a flat in Bedford Road, in Aberdeen.

He was caught after a downstairs neighbour became concerned about a water leak from the flat. After failing to make contact with Wallace, police forced entry to the flat.

In a bedroom, officers found a rolled up £20 note, white powder and a press and decided to get a search warrant.

During the search, a driver’s licence in Wallace’s name was discovered along with more cocaine and what appeared to be a drugs tick list.

The court heard that Wallace was a project manager in the oil industry until 2013 when he took time off to look after his sister.

He bought two flats in Aberdeen and one was let to tenants who were involved in drug dealing and he became involved for financial gain.