The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area. [More]
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3/14/2005
Huge Spanish Money Laundering Ring Broken Up
Huge Spanish Money Laundering Ring Broken Up
This is massive:
"March 13 (Bloomberg) -- Spanish police arrested 41 people suspected of involvement in laundering more than 250 million euros ($337 million) that the nation's Interior Ministry said may include funds from Russian oil company OAO Yukos Oil Co.
Seven lawyers and three notaries were among those arrested, the Madrid-based ministry said in an e-mailed statement yesterday. Spanish, Moroccan, French, Finnish, Russian and Ukrainian nationals were taken into custody, the government said."
According to the article, the Marabella-based group may have laundered as much as 600 hundred million euros, transfering illegal cash into real estate, luxury cars, etc.
-- MDT
"March 13 (Bloomberg) -- Spanish police arrested 41 people suspected of involvement in laundering more than 250 million euros ($337 million) that the nation's Interior Ministry said may include funds from Russian oil company OAO Yukos Oil Co.
Seven lawyers and three notaries were among those arrested, the Madrid-based ministry said in an e-mailed statement yesterday. Spanish, Moroccan, French, Finnish, Russian and Ukrainian nationals were taken into custody, the government said."
According to the article, the Marabella-based group may have laundered as much as 600 hundred million euros, transfering illegal cash into real estate, luxury cars, etc.
-- MDT
Labels: money laundering
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