• An asset of 500,000 euros was seized, which includes a property, a business, two vehicles and funds in checking accounts.

• The investigators detected a disproportionate increase in the detainee's assets in a short period of time, without apparent economic justification

November 15, 2023.- Customs Surveillance Officials from the Tax Agency have arrested a businessman in the nightlife sector in Algeciras for money laundering. As a result of the intervention, assets valued at 500,000 euros have been seized, which includes a property, a business, two vehicles and funds in current accounts.

The investigators detected a disproportionate increase in the detainee's assets in a short period of time, without apparent financial support or financing that could justify such movements.

The detainee was immersed in a corporate network used to transform significant sums of money into cash, disguising them as legitimate business income, with the aim of hiding the profits derived from illicit drug trafficking.

This action fits into the fight against money laundering and illicit activities in the region. The operation, initiated from the crossing of data with computer technology, shows the commitment of the Tax Agency in the application of innovative methods to identify and prosecute illicit financial activities.

The proceedings have been made available to the head of the court of Algeciras on duty.