Germany: Car Dealer Arrested in €2.1M Money Laundering, Jewelry Fencing Probe
An ongoing investigation in Germany has led to the arrest of a car dealership manager and the seizure of high-end vehicles and jewelry, with a total value of over 2.1 million euros. The probe, involving multiple agencies, has uncovered suspected money laundering, tax crimes, and the fencing of expensive jewelry.
The investigation, which began in spring 2024, was triggered by suspicions of commercial and organized money laundering. Banks reported suspicious activities, and the LKA Berlin provided information about fraudulent use of COVID relief funds. The probe, involving the ZKI, the Public Prosecutor's Office in Kassel, and the police in Kassel and Göttingen, has revealed that a car dealership in Kassel was used to conceal the origin of funds from criminal activities.
The manager of the dealership, whose name has not been disclosed, was arrested on suspicion of money laundering, tax evasion, and illegal dealings with jewelry and vehicles. An arrest warrant was issued by the Berlin Regional Court. Eighteen search warrants were executed simultaneously, leading to the seizure of evidence, including 14 high-end vehicles, several worth around 1.4 million euros, jewelry, and weapons. Suspicious cash deposits totaling over 1.4 million euros were discovered at a savings bank, made by the dealership's management in 2024. The investigation has also uncovered details indicating the continued commission of tax crimes and the commercial fencing of high-end jewelry by the dealership's management.
The investigation is ongoing, with close cooperation between the involved agencies. The seizure order amounts to 2.1 million euros, reflecting the serious nature of the suspected crimes. The arrested manager is expected to face charges related to money laundering, tax evasion, and illegal dealings. Further details are awaited as the probe continues.
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