German Real Estate Agent Arrested in Mallorca for Money Laundering

Authorities allege the suspect helped launder €280,000 from drug trafficking through complex international transactions.

Spanish police arrested a German man on Mallorca for allegedly laundering €280,000 linked to drug trafficking operations.
The suspect, an unidentified real estate agent, reportedly facilitated the laundering through financial transactions across five countries: Spain, Luxembourg, Germany, Lithuania, and Belgium.
Investigators revealed the man had signed a loan agreement with a member of a drug trafficking gang to obscure the money's origins, claiming it was intended for an upcoming property purchase.
The arrest is part of a months-long investigation into a Palma-based drug trafficking network, which has led to nine arrests and the seizure of numerous properties, vehicles, and bank accounts.
If convicted, the suspects face up to six years in prison and fines totaling €3 million, according to Spanish authorities.