Police in Malta arrest two Libyans on suspicion of illegal money transfer

Police in Malta arrest two Libyans on suspicion of illegal money transfer

November 28, 2021 - 11:36
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Written By: SafaAlharathy

The Maltese police have arrested two Libyan nationals among a group suspected of illegally moving millions of euros through the Malta International Airport, the Times of Malta newspaper reported on Sunday.

According to the same source, the group, which owns five Malta-registered companies, faces charges with money laundering and tax evasion, among other crimes.

The Maltese police said they had seized two luxurious vehicles, €100,000 in cash, a considerable amount of jewelry and branded clothing, foreign number plates, and electronic equipment, including mobile phones and computers.

The suspects were held at the police’s Financial Crime Investigation Department for investigations before being served with their indictment.

The investigations were carried out in coordination with several foreign jurisdictions, including the US, the UK, Italy, and Europol, says the Times of Malta, indicating that the police received intelligence that the suspects would routinely evade taxes and move large sums in cash out of the country via Malta International Airport.