Spain arrests another ICBC exec over 40m euro Chinese money laundering scam

Spain arrests another ICBC exec over 40m euro Chinese money laundering scam

Spanish police say they have arrested a sixth executive of China's ICBC bank as part of a money laundering and tax fraud probe.

Police said the senior employee previously worked in the Industrial and Commercial Bank of China's offices in Madrid but now works in the Luxembourg branch. He was arrested today in Madrid.
Police raided the ICBC's downtown Madrid office on Wednesday and arrested five executives.
They were expected to be brought before court today.
(Pictured, a woman detained on Wednesday)
A police statement said the operation was a follow-up on one in 2015 that targeted gangs using the bank to launder to China some 40 millio
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YOU’D think 2,500 streetlights would be easy to spot.
But Rincon de Victoria Town Hall is unable to locate the streetlights allegedly installed by the previous PP council.
Councillor Jose Maria Gomez has requested more information from former PP mayor Francisco Salado of the expensive order made with suppliers Endesa-Enel Sole in 2013.
So far only 300 lights have been located and Gomez suspects the others were either sold, recycled or turned into scrap without record.
The former mayor insisted the allegations were false and all the necessary information was available at the town hall.

“It is surreal and says a lot of Gomez’s management that he has to call a meeting to find materials that he should be responsible for,” he said.
Spain arrests another ICBC exec over 40m euro Chinese money laundering scam Spain arrests another ICBC exec over 40m euro Chinese money laundering scam Reviewed by Ajit Kumar on 8:29 PM Rating: 5

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