It is estimated that the network managed to introduce more than 10 million euros into the legal circuit since 2011
A criminal organization allegedly dedicated to money laundering from drug trafficking has been dismantled by the National Police, which has arrested 21 people in the provinces of Seville and Malaga.
The Police believe that the network managed to introduce into the legal circuit more than 10 million euros since 2011, mainly through real estate investments on the Costa del Sol and southern Spain, which could currently reach a value of 5 million euros, as reported this Wednesday in a statement.
In addition to the investments, he allegedly made transfers of funds from Argentina and Uruguay and fictitious commercial operations, through which the members of the organization simulated businesses and activities with which they camouflaged money transfers.
Agents have locked up real estate properties valued at 5 million eurosin addition to numerous bank accounts and financial assets, and have intervened in the records 130,000 euros in cashwatches and jewelry worth more than 650,000 euros, documentation and computer material.
The investigation began in 2020, when the agents identified different suspicious operations and risk of laundering carried out by people with links to drug trafficking and others. illegal activities.
One of the main investigated allegedly tried to prevent justice from acting on his real estate heritagewith the collaboration of the other members of the network, as well as several people from their family environment.
The result of the investigations and the labor and tax analysis of 35 natural persons, 49 legal entities and the study of more than 682 bank accountsthe agents were able to reconstruct the organization’s laundering operation.
One of the methodologies used to launder money was the principle of “box unit” (capital flows set at interest at all times), in addition to loans to the partner (to justify capital flows), movements of funds, falsification of private lease contracts or the handling of large amounts of cash without justification.