Joint police raid busts suspected money laundering gang
A joint police raid in Germany, Switzerland and Spain on Tuesday caught a gang suspected of fraud and money laundering. Searches carried out in all three countries led to the arrest of four people.
This content was published on
1 minute
Keystone-SDA/jdp
Español
es
Suiza participa en redada internacional contra defraudadores
On Wednesday, the Attorney General of Cologne in Germany, who coordinated the operation, indicated that the four arrests were made in Germany and Spain. The raid was part of a covert operation over four years involving fourteen suspects.
It is estimated that more than 60 investors in Germany and elsewhere were swindled out of CHF10 million ($10 million), according to investigators. The gang is suspected of also extending activities into Italy, where a separate investigation is underway.
The coordinated police raid included numerous searches in private homes and businesses in Germany, Switzerland and Spain. The agents seized 14 breeding horses and other valuables from one of the suspects.
An international warrant was used to arrest the four people. One suspect in Germany has been released for medical reasons. Bank accounts for the suspects have been blocked.
More
More
Record reached for suspected money-laundering reports
This content was published on
Record number of reports made to the Swiss money-laundering watchdog in 2017, worth a “striking” CHF16 billion ($16.2 billion), the agency has said.
Protein in abdominal fat could help shape obesity treatment
This content was published on
The study analysed fat cells from different locations in the body, and found that those in the abdomen have unique properties.
North African asylum claims fall after rapid Swiss processing
This content was published on
The accelerated procedure, now out of its test phase, has resulted in a significant drop in applications from North African countries.
This content was published on
The artist's song "The Code" focuses on their journey as a nonbinary individual. It is one of the favourites to win this year's contest.
Swiss climate activists block vehicles near Gotthard tunnel
This content was published on
Around ten climate activists briefly blocked the A2 motorway near the northern entrance of the Gotthard tunnel on Thursday.
Watches belonging to Michael Schumacher up for auction
This content was published on
Schumacher's family is auctioning off eight rare watches from his collection in Geneva. The Christie's auction will take place on Monday.
Joya Marleen and Baschi named best solo acts at Swiss Music Awards
This content was published on
St. Gallen singer Joya Marleen and Baschi from Basel were named artists of the year at the Swiss Music Awards 2024 on Wednesday night.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Switzerland rejects German Panama Papers offer
This content was published on
The SonntagsZeitung reports that 16 other countries sent police and prosecutors to Wiesbaden, Germany, last September to glean evidence of potential offences. The documents were leaked from a Panamanian law firm to the International Consortium of Investigative JournalistsExternal link. They contain details of how wealthy people arranged their finances, often through layers of shell companies…
Credit Suisse found lacking in fight against money laundering
This content was published on
Swiss bank Credit Suisse has failed to meet its obligations to prevent money laundering, says Switzerland’s financial supervisory authority.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.