A 35 year old man has been arrested by the Judicial Police (PJ) in Vilamoura, as part of an ongoing investigation into a group dedicated to laundering illicit proceeds, using the Portuguese financial system.
According to the PJ, the arrest took place following a warrant issued by the Public Prosecutor's Office of Faro. The Judiciary explains that it is “a man, who using several false identities, proceeded to set up numerous companies under Portuguese law”.
Then, through them, he opened “multiple bank accounts in various national credit institutions, where he placed, circulated and integrated into his assets a significant volume of funds, amounting to more than €500,000”.
The investigation, which is led by the Southern Directorate of the PJ, found that “the group has links to several European countries, namely Belgium, Spain, Italy and France, where, using the creation and use of false identification documents and passports, “front” companies are set up and hundreds of bank accounts are opened worldwide, through which the laundering of illicit amounts resulting from computer fraud crimes that are carried out”.
The detainee was brought before the judicial authorities and has been placed in preventive detention.
