The assets and funds discovered and/or seized from the laundering of drug trafficking amount to more than 2 million euros.
14 people arrested and another 5 under judicial investigation, is the balance of the police investigation carried out by the UDEF unit of the Superior Headquarters of the Canary Islands
Among those arrested, there is a notary who, with the collaboration of a notary worker, allegedly falsified a real estate transaction.
Agents of the National Police have dismantled a commercial network dedicated to money laundering of funds from the trafficking of narcotic substances, in Las Palmas de Gran Canaria, Fuerteventura and Tenerife. A total of 14 people arrested and another 5 under judicial investigation, aged between 30 and 65 years old, mostly with police records, as alleged perpetrators of the crimes of money laundering, membership in a criminal group, document falsification and extortion. The assets and funds discovered and/or seized from the laundering of drug trafficking amount to more than 2 million euros.
Among those arrested, there is a notary who, with the collaboration of a notary office worker, allegedly falsified the data when deeding a real estate purchase and sale transaction.
Police investigation
As a result of an investigation carried out by the Drugs and Organized Crime Unit (UDYCO), in parallel the Economic and Fiscal Crimes Unit (UDEF), of the Superior Headquarters of the Canary Islands, an investigation began in 2019 of a corporate structure linked to the drug trafficking organization. As a result of police investigations that lasted more than three years, it was possible to determine how illicit monetary flows were laundered through strong real estate investment development articulated by several shell companies.
The most notable activity of this group was acquiring real estate assets, all of them titled by front men, in addition to multiple cash deposits made into various bank accounts and made in fractions to avoid financial and tax controls.
Arrests
Once the police investigation was completed, the operation culminated in the arrest of 14 people and another 5 judicial suspects, aged between 30 and 65 years old, mostly with police records, as alleged perpetrators of a crime of money laundering. capital, membership in a criminal group, document falsification and extortion.
Among those arrested, it is worth highlighting the alleged involvement of a notary who, with the collaboration of a worker from a notary office, allegedly falsified a real estate sale transaction.
The assets discovered from the laundering of drug trafficking amount to more than 2 million euros.
All of them were placed at the disposal of the competent judicial authority.