'Goldfinger' arrested for heading major crime gang

12th July 2007, Comments 0 comments

2 July 2007, TENERIFE - John Palmer, the so-called brains behind Britain's biggest gold bullion robbery, was arrested in Tenerife on Thursday.

2 July 2007

TENERIFE - John Palmer, the so-called brains behind Britain's biggest gold bullion robbery, was arrested in Tenerife on Thursday.

The 57-year-old was detained on the orders of the Audiencia Nacional, Spain's highest court, in connection with allegations he is the head of a crime gang based in Santa Cruz de Tenerife.

The organisation is said to be involved in property fraud, money laundering and bribing civic officials.

Palmer moved to Tenerife in Spain in 1985 from where he was said to have controlled a business empire which was said to have made him one of the richest Britons, with a fortune estimated at €600 million.

Palmer has been heavily involved in the timeshare business in Tenerife and the Costa del Sol and to have a business valued at €300m.

He was jailed in 2001 at London's Old Bailey for a timeshare fraud in which 20,000 people including Britons and other European nationals lost thousands.

The Spanish newspaper El Mundo reported today Palmer was said to have controlled his criminal empire from inside jail.

The gang behind the Brinks Matt robbery in 1983 stole 3.5 tons of gold from Heathrow Airport.

[Copyright EFE with Expatica]

Subject: Spanish news

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