Police conduct 13 money laundering searches

By TPN/Lusa, in News · 21-12-2019 18:00:00 · 0 Comments

A Portuguese operation to combat money laundering of "millions of euros" culminated on December 18 with 13 searches, including two sports corporations, two law firms and two bank vaults in the north of the country, a police source said.

In a statement, the North Board of the Judiciary Police (PJ) said that 10 house searches and three non-household searches were carried out in the Porto, Vila Nova de Gaia, Guimarães and Aveiro, without specifying the specific targets.

The Attorney General's Office has already confirmed to Lusa that one of the targets of the searches was the facilities of the Boavista Sports Association (SAD).

"According to what has been ascertained so far by the investigation, the issue at stake is the non-delivery of taxes and its subsequent concealment through the development of business activity related to the holding and management of sports events", the police said.

So far, says the police, 'an asset advantage of millions of euros has been identified'.

The suspects, the communiqué said, "used different tools, including the use of false invoicing issued by domestic and foreign companies and the concealment of profits".

For laundering, "mechanisms such as the acquisition of movable and immovable property by companies established exclusively for this purpose, as well as investment in sports organisations, with the collusion of sports agents" and "in order to carry out the illegal activities referred to, the suspects used specialised legal and technical advice" were used.

The searches were carried out within the scope of a criminal investigation of the Department of Investigation and Criminal Action (DIAP) of Porto, 12th section, involving 80 staff between magistrates and the Public Prosecutor's Office, agents of the Northern Board of PJ and tax inspectors of the Directorate of Finance of Porto.


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