Thursday, October 29, 2020

EU money laundering mafia busted in Canary Islands

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A mafia gang that laundered money illegally obtained in Italy has been busted in the Canary Islands.

This investigation has led to the blocking and seizure of 37 properties and 19 companies worth approximately 14 million euros.

The Civil Guard and the Tax Office, together with the Carabinieri Force of Italy and the Austrian Police, have dismantled an international mafia gang that was laundering money obtained illegally in Italy and in the Canary Islands through real estate investments.

In this operation, called Ingenere and coordinated by the Italian judicial authorities specialising in the fight against the mafia, 38 people have been arrested, one of them in Fuerteventura and another in Gran Canaria, all belonging to the “Banda dellaMagliana”, as reported today, Thursday, by the Ministry of the Interior in a statement.

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The arrests made in Gran Canaria and Fuerteventura have been carried out in execution of European Arrest and Surrender Orders (ESO).

The criminal organisation, called the “Banda dellaMagliana” dedicated to telematic fraud and swindling mainly through illegal gambling, money laundering and extortion, among other crimes.

As a result of these and other activities, large economic profits were generated and used for the granting of credits and loans that were later recovered from their victims through extortion.

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