The Spanish police arrested a Dutch citizen of Colombian origin, suspected of laundering €6 million through cryptocurrency.
🚩 Arrested in Málaga, a notorious Cali cartel narcotrafficker based in Europe
He is a prominent Dutch narcotrafficker of Colombian origin, a partner of the man who was the top target on INTERPOL’s wanted listhttps://t.co/9LECA6ZtuS pic.twitter.com/oVW7YApuGE
— National Police (@policia) November 8, 2020
The investigation began in 2018, when authorities learned of the criminal network in the Spanish province of Málaga. They found that one of the network’s leaders was linked to a well-known Colombian drug cartel.
According to the police, the man opened a company involved in cryptocurrency trading. Through it he allegedly laundered more than €6 million. In Spain, the suspect was evading pursuit by Dutch authorities.
He was arrested at his own villa in Marbella. Among the seized assets were €85,000 in cash, three cars, expensive watches linked to cryptocurrency accounts, bank cards, computers and mobile phones. In the Netherlands, police seized digital assets worth $170,000.
Earlier in October, the U.S. DOJ charged members of the criminal group with laundering money for Mexican drug cartels via cryptocurrency and casinos.
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