Spain’s Catalonia Has Turned Into Paradise For Money Smugglers From Algeria
Well-informed sources told “Echorouk” that high-level security authorities came up with a black list with the names of Algerians accused of smuggling money and acquiring real estate in Spain, including businessmen and politicians, indicating that the investigations were launched after the Spanish Central Bank, Banco de España, lifted the protectionist measures applied by some Spanish banks, and this prompted officials and businessmen to rush to smuggle capital to banks in southern Spain and the region of Catalonia, especially the “La Caixa” bank.
The sources stated that it was found that businessmen and politicians were involved in smuggling huge funds in hard currency in euros and dollars in the form of payments through Algiers International Airport and the port of Oran.
The Algerian authorities have a list of businessmen who were able in recent years, especially the period between 2015/2019, to transfer the proceeds of activities in addition to the acquisition of huge real estate in the Spanish south, in regions such as Murcia, Malaga, Marbella, Granada.
Confirmed sources said that the smuggled capital accumulated in Spanish banks from mid-2017 to January 2019 achieved a hike of 21 percent, and the cities of the Spanish south ranked first in attracting smuggled capital from Algeria, according to a report issued by the Spanish association “Octhe”.
According to the same sources, Spanish banks have for decades been distinguished from other countries in the world by their secret systems towards the accounts of depositors and the wealthy, but this feature is on the way to disappearing, as the Spaniards began to bid farewell to the secrecy of bank accounts, as evidenced by the fact that the Algerian authorities were able to obtain accurate information concerning suspicious money deposits by businessmen and wealthy people, especially in the “La Caixa” bank in Barcelona, “Banco Popular” in Paspagnol and the banking group “Santander”.
According to the data available to us, the Algerian judicial authorities recently obtained the deposits of a wealthy woman close to a businessman residing in a western state, involved in a corruption case of a heavy caliber, and the woman managed to smuggle no less than 2.1 million euros, and deposited 370 thousand euros in the bank “La Caixa” in Barcelona.
She then she bought a four-room apartment in Montaner Blavorja in Catalonia at a price of 550 thousand euros, which she registered in the name of her daughter, and the Algerian authorities have confirmed that the source of this money is a businessman involved in a corruption case together with some former senior officials during the era of Bouteflika.
Algerian security services are working on several files related directly to the involvement of businessmen and personalities in smuggling non-tax wealth at the source to Spain, which in recent years has turned into a paradise for money smugglers from Algeria.