Spanish authorities have taken action against a criminal gang suspected of laundering dirty money linked to the Magnitsky case, a 219 million euro ($233 million) corruption case in Russia, and have arrested one individual, the Europol international police body said on December 14. Europol said the unnamed individual at the center of the suspected money-laundering scheme had been arrested in the Canary Islands. A total of 75 properties have been seized so far across Spain for a cumulative value of 25 million euros, added Europol. To read the original story from Reuters, click here.
'Magnitsky' Russian Money-Laundering Suspect Arrested In Spain
According to the research of lawyer Sergei Magnitsky, Russian civil servants had, in conjunction with criminals, managed to steal $219 million from the treasury and transfer it abroad through a very complex web of shell companies.