The National Police deals a new blow against the laundering of money from drug trafficking in Andalusia with the dismantling of a criminal organization that put in the legal circuit capital obtained with the sale of drugs, which ends with the arrest of 21 people in the provinces from Seville and Malaga.
The Police believe that the network managed to launder 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 by this Wednesday in a statement.
In addition to the investments, it allegedly carried out fund transfers 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.
The agents have blocked real estate properties valued at 5 million euros, in addition to numerous bank accounts and financial assets, and have intervened in the records 130,000 euros in cash, watches and jewelry worth more than 650,000 euros, documentation and computer equipment.
The investigation began in 2020, when the agents identified different suspicious and money-laundering risk operations carried out by people with links to drug trafficking and other illegal activities.
One of the main investigated allegedly tried to prevent justice from acting on his real estate assets, with the collaboration of the rest of the members of the network, as well as several people from his family environment.
As a 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 accounts, the agents were able to reconstruct the organization’s laundering operations.
One of the methodologies used to launder money was the “cash unit” principle (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 leasing or handling large amounts of cash without justification.
