Five arrested in Malaga, Madrid, and Canaries for allegedly laundering €800,000

FIVE people have been arrested in Malaga, Madrid, and the Canaries, for allegedly laundering more than €800,000, as the result of an investigation that began in 2018

National Police officers have arrested five individuals, four men, and one woman, in Gran Canaria, Tenerife, Malaga, and Madrid – all of them without police records – for allegedly laundering more than €800,000 from drug trafficking, with two of the detainees also suspected of a crime of falsifying documents. Eight other people are still being investigated as part of the same operation.

The arrests came about as the result of a property investigation that agents of the UDEF Group of the Provincial Brigade of the Judicial Police of Las Palmas began back in 2018, after dismantling a criminal organization and seizing 2,875kg of cocaine on the Medio Almud beach, in Mogan, Gran Canaria.

As reported by the National Police in a press release, after dismantling the drug trafficking network, the investigating officers were able to verify that there was another linked organisation, in a parallel and hierarchical way, that was dedicated to introducing the capital obtained through drugs into the economic-legal system.

During three years of investigating this criminal operation, it became possible to detect that this logistics and laundering sub-apparatus used a fraction of the illicit profits of their drug trafficking to defray the current expenses of the organisation, with the most prominent purpose being the laundering of these monetary flows through investment operations of various kinds.

Specifically, the investigators were able to determine that the amount laundered from drug trafficking came to more than €800,000, with officers also seizing a total of 10 high-end vehicles, two boats, a real estate property, and several bank accounts with a total balance of €288,000 euros, as reported by laopiniondemalaga.es.

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