One of Europe’s biggest money launderers has been arrested in a joint operation between Guardia Civil, the Irish An Garda, Dutch National Police, the UK National Crime Agency and Europol.
The man – who has not been named – was considered a high value target due to his involvement in a number of high-profile criminal gangs across Europe.
Investigators suspected over €200 million in 18 months was moved by the man, using the hawala underground banking system.
Members of the gang were behind a brand of vodka and a car dealership which was used to launder the money.
Officers found half a million euros in cash and 200 kilos of cocaine during the raids carried out on Monday.