The Cobo Calleja industrial estate is the largest Chinese money launderer in Europe

Original title: El polígono Cobo Calleja es la mayor lavadora de dinero chino de toda Europa

The industrial zone of Cobo Calleja has been identified by police authorities as the centre of money laundering and tax evasion by Chinese companies in Europe. Hundreds of millions of euros are estimated to leave this site fraudulently each year. Recently, a Guardia Civil unit dismantled a network whose tentacles had spread to Barcelona, Valencia and Seville, as well as other European cities. This investigation showed that 75% of the profits made by the network had been tax evaded in China, but also in Latin America and Africa via front companies. Six hundred companies in the industrial zone have been investigated so far. Legal proceedings have been initiated against 50 legal and natural persons.

Origin Source: Abc.es
Publication Date: 2018-07-15
Origin Contry: Spain

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