EU nabs US$300 million illegal trafficking in Spain
Thursday, March 31, 2005
Officials arrested 41 people from five countries Sunday in connection with a trans-European operation. The individuals are suspected in laundering US$300 million in gang-related activities such as prostitution, murder, and arms and drug trafficking, according to police with Interpol and .
The BBC reported citizens of, , , , and were among those arrested and charged with illegally siphoning money from , a large Russian oil company. Yukos maintains it was unaware of such activities.
The crackdown went by code nameand was a joint effort between Spain and Russia, officials said. The arrests were centered in the area of Spain's southern Mediterranean coast.
- Spain 'cracks $300m money racket' by BBC
- Mar Roamn. "Spanish police smash €250m dirty money ring" — , 14/03/05
- "Spain Uncovers EU250 Mln Laundering Ring; Yukos Money Suspected" — , March 13