This National Police arrested its leader in Madrid.Baghdad cartelThe most active Panamanian organization dedicated to international drug and arms trafficking, showdowns and murders.
As reported by Police on Thursday, agents were able to locate and arrest him in the Madrid municipality on Monday 20 February. alarcon He was allegedly responsible for establishing a criminal organization and money laundering.
This man has been missing since 2021. when the criminal group he headed disbanded. The main laundering activity was through the smuggling of gold bars from Panama to Spain.
The investigation begins in 2021. US Department of the Treasury, Through its embassy in Madrid, he pointed to the possible relocation of the leader of the main Panama cartel in Spain and the smuggling of large quantities of cocaine into Europe as his main business.
Since then, the investigation has been conducted in close cooperation with Panamanian authorities and judicial authorities, aimed at verifying this information. United States of America and the arrest of those responsible.
gold smelter
Police agents arrived to restructure more than ten operations. money laundering They identified themselves in a note for an amount of more than one million euros committed by the organisation.
It has been confirmed by the investigative teams that an important laundering operation was carried out by the organization through the smuggling of gold bullion from Panama for sale at a gold foundry in Spain. the cops arrested the foundry’s finance director, It was a hard blow to the police against money laundering.
They also discovered that much of the money laundered was later converted into virtual currency. The representatives identified a citizen as the main person responsible for the company responsible for the virtual currency conversion, which was eventually arrested. 10 people in total were arrested, blocked 92 accounts 400,000 euros, 39 properties worth 1.5 million euros and 10 vehicles worth 170,000 euros.
The police then explains The leader of the organization could not be found, but they continued their efforts to achieve this in cooperation with the Panamanian authorities. They eventually learned that the real person responsible for the investigation was inside. MadridIt ended with his arrest in Pozuelo de Alarcón.