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Spain. Arrests and searches in Madrid. A money laundering case linked to the Venezuelan government

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Spanish police have arrested two people and searched several homes in Madrid as part of an investigation into suspected money laundering linked to the Venezuelan government, Spain's Supreme Court said on Friday.

According to the court, the operation was ordered by investigating judge Joaquin Gadea as part of an investigation he is conducting in cooperation with the authorities of Portugal and the United States.

The court said it was investigating suspected money laundering linked to the Venezuelan government, international bribery and criminal organizations.

It added that the names of those detained on Friday will not be disclosed because the case is being kept secret.

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Investigation related to the family of a Venezuelan tycoon

Police carried out four searches, including homes in the capital's upscale Salamanca neighborhood and in the upscale La Finca neighborhood on the outskirts of Madrid.

The investigation focuses on the family of Venezuelan tycoon Roberto Rincon, reports the newspaper “El Confidential”, citing people familiar with the case.

Rincon was charged in the US with conspiring and paying bribes to officials of the Venezuelan state oil company PDVSA.

In 2016, the man pleaded guilty in a federal court in Houston, Texas – he testified that he took part in paying bribes for energy contracts from PDVSA.

Main photo source: Reuters Archive



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