Lawyer at centre of money laundering scam in custody

15th March 2005, Comments 0 comments

15 March 2005, MADRID-A Chilean lawyer, alleged to be the architect of an international money-laundering operation network based in southern Spain, has been jailed, legal sources said.

15 March 2005

MADRID-A Chilean lawyer, alleged to be the architect of an international money-laundering operation network based in southern Spain, has been jailed, legal sources said.

Fernando del Valle, 57, was remanded in custody on Monday night by judge Miguel Angel Torres Fernando of Marbella, on the Costa del Sol.

Valle, registered with the Malaga college of lawyers since 1980, is alleged by police to be the architect of the money laundering operation involving EUR 250 million based on the Costa del Sol.

Police arrested 41 people on Friday from six countries in connection with the affair following a 10-month investigation involving Interpol and Europol.
 
Of those detained, 14 were later released on bail.

The suspects came from France, Finland, Morocco, Russia, Spain and Ukraine, and included several lawyers and three notaries.

Spain's interior ministry has alleged that funds illegally siphoned from Russia's crippled oil company Yukos had been discovered as part of the investigation.

However Yukos at the weekend ridiculed suggestions that it was siphoning revenues out of the country to avoid paying taxes.

[Copyright EFE with Expatica]

Subject: Spanish news

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