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Last Updated: Tuesday, 15 June, 2004, 12:32 GMT 13:32 UK
Reynolds held on cash allegations
George Reynolds
George Reynolds resigned as Darlington chairman in January
The former chairman of Darlington Football Club, George Reynolds, has been arrested in County Durham on suspicion of money laundering.

A Durham Police spokeswoman confirmed reports that Mr Reynolds was arrested with two other men at 1400 BST on Monday.

Police said about 500,000 in cash was recovered from the vehicle in which the men were travelling.

All three men were released on police bail at 2200 BST on Monday.

The police spokeswoman confirmed reports on Tuesday that the arrests were made by an officer from the Regional Assets Recovery Team, based at Aykley Heads police headquarters in Durham City.

The men, one aged 68 and another aged 42 live in the Bishop Auckland area. A third 57-year-old man lives in North Yorkshire, say police.

An application for cash seizure under the Proceeds of Crime Act is expected to be made at Darlington Magistrates Court on Wednesday.

Mr Reynolds resigned as chairman of the Third Division club in January this year.

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