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Image header Agence Europe
Europe Daily Bulletin No. 10399
Contents Publication in full By article 18 / 37
GENERAL NEWS / (ae) eu/jha

European money laundering network dismantled

Brussels, 16/06/2011 (Agence Europe) - On Wednesday 15 June, six people were arrested in five European countries (France, Belgium, Spain, Germany and the Netherlands) as part of an investigation into a money laundering and drug trafficking network. This announcement was made by the Eurojust and Europol agencies in a press release. The arrests were made as part of a legal information initiative begun in March 2010 in France, following controls carried out by custom services in Bordeaux of a vehicle registered in Spain and driven by a Spaniard. This operation is the result of intensive investigation beginning in Spain and then France, explained the press release. It involves an international network of Lebanese criminals specialised in money laundering and trafficking large quantities of cocaine. Illegal financial transfers are estimated to be worth tens of millions of euros. €2.5 million in cash was also seized. (S.P./transl.fl)

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