200 million euro money laundering ring exposed

By Euro Weekly News Media • 16 March 2015 • 10:42

Lifeguards rescue FOUR including two 6-year-olds off Cala Mijo beach in Spain's Águilas. Image: Ines Porada/Shutterstock.com

Spain’s Guardia Civil and National Police have revealed for the first time that Kremliovskaya – a Russian mafia ring, has laundered over 200 million Euros through illicit networks on the Costa del Sol.

The investigation which began in 2012 with the arrest of Casares mayor Juan Sánchez, has traced the complex network of criminal banking throughout Northern Europe and as far as the USA. Police investigators are still trying to trace other illegal investments made by the group.