Policia Nacional have detained 60 people as part of an ongoing investigation into money laundering and drug trafficking.
Officers carried out raids on the island of Majorca and in Madrid as part of “Operation Gunpowder”. The gang are believed to have sent money from various drug trafficker to be laundered in locations in Cuba, the Dominican Republic and also the United States. It’s believed they used the money to invest in property and vehicles.
Two businesses in Majorca are understood to have been involved in the creation of shell companies to hide the money from authorities.
€400,000 in cash, as well as cocaine and cutting substances were discovered during the raids, along with luxury goods.
It’s believed the gang were able to launder around a million euros in just over a year.
Source : English Radio News