AS PART OF the joint operation, codename Malaspina, which was conducted by the Guardia Civil and the State Tax Administration Agency and centring on La Pesquera group it has been revealed that the agencies have dismantled a corporate network that is accused of hiding more than € 10 million in profits thereby avoiding payment of tax.
With 12 people either arrested or under investigation from both Spain and Romania it transpires that as well as finding €550,100 in cash, investigators have also seized assets said to be worth more than €50 million.
It is alleged that a multitude of companies were transferring funds through Andorra, Gibraltar and Switzerland, so there is a long and tangled web but following the impounding of copious volumes of records, the taxation experts expect to be able to come to a conclusion as to where the money has come from and where it went.
More than fifty vehicles as well as real estate and other property go towards the total value of assets taken by the investigators together with the freezing of bank accounts and financial assets.
Ramon Mesas, owner of L Pesquera has been released on bail after his return from a trip to Morocco and he and associates will await the final outcome of the detailed investigations.