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Sweden Today

Swedish news in English

Wednesday, October 16, 2024

Swedes Arrested in Money Laundering Bust

Published: 2024-06-17

Two Swedish nationals and a German citizen have been arrested in Palma, Mallorca, for their involvement in laundering money linked to Stockholm's drug market.

Spanish police seized a property valued at over one million euros and several bank accounts as part of the operation.

The arrests were made in collaboration with Swedish authorities, who had been tracking the criminal organization's activities since 2022. The suspects are believed to have invested millions of euros in real estate, shops, and restaurants.

Further arrests are expected soon, according to Spanish police.