London club FOLD’s license suspended following money laundering allegations

London’s 24-hour nightclub FOLD has had its license suspended by Newham Council.

The venue posted about the decision on Facebook this morning, writing “This news has hit us by surprise and extremely hard."

The statement also reads: “Last night, serious accusations were brought to us and the local licensing committee. As a result such, our license has been suspended and an immediate shut down the club, without fair trial, has been imposed.

"We are currently appealing the suspension with the aim to maintain our operation for this weekend and events moving forward."

FOLD also thanked the community who have supported the venue and apologised to those affected by the decision. Read it in full below.