Swiss police arrest 5 over alleged money laundering

2017-05-31 08:12


Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Geneva - Swiss authorities have arrested five people, frozen several bank accounts and seized real estate in a sweep against alleged illegal drug trafficking and money laundering in the millions of dollars.

Zurich state police say the arrests in a "co-ordinated international action" follow an investigation started in 2010 after authorities in Germany seized more than 1.3 tons of cocaine and investigators traced links to a Brazilian couple in Zurich.

The couple allegedly operated a travel agency and a company for money transfers that transferred multimillion-dollar amounts to different countries.

The Zurich police statement on Tuesday said the five men and women aged between 35 and 55 were arrested in Switzerland and South America, but did not say whether the Brazilian couple was among those detained.

Read more on:    switzerland  |  finances

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.