Five arrests in Malaga, Madrid and Canaries for alleged money laundering
FIVE people have been arrested in Malaga, Madrid and the Canaries, for allegedly laundering more than € 800,000, following an investigation opened in 2018
National police officers arrested five people, four men and one woman, in Gran Canaria, Tenerife, Malaga and Madrid – all without a criminal record – for allegedly laundering more than € 800,000 from drug trafficking, with two of the detainees also suspected of falsifying documents. Eight other people are still under investigation in the same operation.
The arrests are the result of a real estate investigation that agents of the UDEF group of the provincial brigade of the judicial police of Las Palmas began in 2018, after having dismantled a criminal organization and seized 2,875 kg of cocaine on the beach of Medio Almud, in Mogan, Gran Canaria.
As reported by the national police in a statement, after dismantling the drug trafficking network, investigators were able to verify that there was another related organization, in a parallel and hierarchical manner, which was dedicated to the introduction of the obtained capital. thanks to drugs in the legal-economic system.
During three years of investigation into this criminal operation, it became possible to detect that this logistics and laundering sub-apparatus was using a fraction of the illicit profits from their drug trafficking to cover the running expenses of the organization, the main goal being the laundering of these monetary flows through investment operations of various kinds.
Concretely, the investigators were able to determine that the laundered amount of drug trafficking amounted to more than 800,000 €, the agents having also seized a total of 10 high-end vehicles, two boats, a property, and several bank accounts with a total balance of 288,000 euros, as reported by laopiniondemalaga.es.
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