The joint operation is under the coordination of the Anti-Corruption Prosecutor's Office. Among those registered are tax consultancies, investment agencies and a private bank, located in Madrid, Barcelona, Malaga and Zaragoza. The total amount of hidden capital could exceed 200 million euros. The investigation has its origins in the complaint of the Tax Agency in relation to undeclared investments in the LGT Group of Liechtenstein.

July 15, 2008. The Civil Guard and the Tax Agency, in the so-called “Jade-Limousine” operation, directed by the National Court and coordinated by the Anti-Corruption Prosecutor's Office, have carried out an investigation in which 19 searches have been carried out in Madrid, Barcelona, Málaga and Zaragoza for alleged crimes against the Public Treasury and Money Laundering in relation to banking products deposited in LGT Group in Liechtenstein.

The investigation has its origins in the complaint presented by the Tax Agency based on information received in the field of international collaboration in the European Union. This complaint is related to investments by Spanish citizens allegedly not declared to the Public Treasury in LGT Group of Liechtenstein. The total amount of hidden capital could exceed 200 million euros.

The Anti-Corruption Prosecutor's Office agreed to open proceedings, entrusting the investigations to the corresponding units of the Tax Agency and the Civil Guard. The investigation has revealed the marketing of these aforementioned products through private banks and investment agencies, having also used different tax consultancies, all with the aim of providing the investor with an opaque structure that would allow them to be hidden from the Treasury. Public and avoid its tax or property consequences.

Likewise, it has been possible to establish the existence of a number of natural and legal persons who would have directed significant amounts of money to the aforementioned principality through these structures, managing these investments through foundations managed by companies located in different tax havens to avoid the relationship of money with the investor in question.

Records

The searches carried out in the Operation by members of the Civil Guard and the Tax Agency have made it possible to seize numerous documentation definitively linking the investor with the banking products, and have been carried out in investment agencies in Madrid, Barcelona and Zaragoza; a private bank in Madrid and Malaga; different tax consultancies in Barcelona, Madrid and Marbella and in offices of individuals and legal entities in Barcelona, Madrid and the Province of Málaga.

The operation remains open and the judicial Authority has decreed the secrecy of the proceedings.