Coup against a network based in Mallorca and dedicated to laundering money from drug trafficking.

The National Police has carried out a new phase of

'Operation Gunpowder',

an investigation that started last year following the thread of a gang dedicated to drug trafficking and that now leads to the

arrest of 60 people linked to money laundering

from those businesses illegal.

According to the investigation, the money was transferred through front men and front companies to accounts that operate mainly in Cuba, but also in the United States and the Dominican Republic.

There the funds illegally re-entered the monetary circuit, eventually investing in high-end homes and vehicles.

The gang

operated in Mallorca and Madrid

, where five of those involved have been arrested.

It is estimated that in just over a year they would have allegedly laundered

a million euros

, although it is suspected that the figure may be much higher.

In the raid, 400,000 euros in cash, more than three kilos of cocaine and 60 kilos of substances destined to cut the drug for distribution have been intervened.

In order to get the money out of Spain, the organization made use of numerous people who acted as front men, making small transfers or lending their identity to the movements in exchange for a commission. A

smurfing

that was also carried out from

phone

booths, dividing the money diversions.

To launder money in Spain, the Police detected that the leader of the organization used the

identity of elderly people to build shell companies

.

They were really lacking people who allowed him to pretend that the members of the criminal organization worked in the construction sector.

The organization is accused of document falsification since they produced false invoices to mask the origin of the illicit money, simulating construction work.

LOCAL COMPANIES

There are

two Majorcan companies involved

.

Always according to police investigations, their representatives collaborated with the leader of the criminal organization to achieve the introduction into the legal financial channel of the money obtained from the sale of drugs, having come to bill about 200,000 euros for work not done.

Likewise, they are accused of using other Spanish people and companies to whom they sent transfers of different amounts, for which they used bank accounts located in tax havens, simulating

phantom

operations

and non-existent businesses.

Subsequently, the beneficiaries of these transfers delivered that money in cash or transformed into goods to the collaborators of the organization residing in Cuba.

The operation remains open and new arrests are not ruled out in the next few hours.

According to the criteria of The Trust Project

Know more

  • Majorca

  • Cuba

  • USA

  • Spain

  • National Police

  • Madrid

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