• A 500,000 euro asset was seized, including a property, a business, two vehicles and funds in current accounts

• 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 were seized, including a property, a business, two vehicles and funds in current accounts.

Investigators detected a disproportionate increase in the detainee's assets in a short period of time, with no apparent financial backing or financing that could justify such movements.

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

This action is part of the fight against money laundering and illicit activities in the region. The operation, which began by cross-checking data with computer technology, demonstrates the Tax Agency's commitment to applying innovative methods to identify and pursue illicit financial activities.

The proceedings have been made available to the holder of the court of Algeciras acting as on-call court.