FrancoSwiss drug money laundering ring broken up

first_img Check your body, save your life Construction begins on Chandler hospital expansion project Comments   Share   PARIS (AP) – French and Swiss prosecutors say they’ve dismantled a major drug trafficking and money laundering network, arresting 20 people on Wednesday, including employees of a finance company and major international bank.The network, largely members of an extended family that imported Moroccan drugs for sale in France, laundered millions over many years, according to prosecutors, who described the family as “masters of financial engineering.” The ring included at least one employee at a major international bank, the Swiss said. Former Arizona Rep. Don Shooter shows health improvement Sponsored Stories Mary Coyle ice cream to reopen in central Phoenixcenter_img Top Stories Bottoms up! Enjoy a cold one for International Beer Day Arizona families, Arizona farms: providing the local community with responsibly produced dairy Police searches in France netted cash in dollars and euros, accounting documents, counting machines and weapons. In Switzerland, authorities found 160 luxury watches and jewelry worth nearly (EURO)1 million ($1.3 million), as well as cash.Paris prosecutors said between May and October alone, nearly (EURO)12 million ($15.5 million) passed through the network.(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) How Arizona is preparing the leader of the next generationlast_img

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