Mallorca News Top Story: Man arrested in Palma de Mallorca for multi-million-euro scam

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mallorca news scam
Credit: A. Sepulveda.

THE National Police have arrested a German man in Palma de Mallorca, Spain, after a warrant was issued for his arrest in his native country.

According to the police, the 61-year-old accountant had made 237 fraudulent transfers from a company he was financially managing to bank accounts in his name – an amount that totalled almost €2 million.

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The case dates back to 2014, after an investigation was launched in Germany after a business noticed a significant sum was missing from their account. They then alerted the authorities, who discovered that their Chief Accountant had made transactions in a sophisticated way as to not be detected. When the man released he was being watched, he fled the country.

Intelligence provided to the German Police pointed towards the man being in Mallorca, where officers from the National Police could verify that he was living on the island. On Thursday, December 5, they proceeded to arrest the man in the Camp Redo district in the capital, where he has now been remanded in custody.

As Euro Weekly News understands, the extradition process will now begin.





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