Four former employees and executives of the branch office in Madrid of the Industrial and Commercial Bank of China (ICBC) have agreed with the anti-Corruption Office Spanish sentences of up to five months of imprisonment in a case of money launderingsaid Tuesday the public prosecutor’s office.
The defendants also agreed to pay fined a total of € 22.7 million (approximately 25,55 us $ million) as part of the agreement to resolve the case, said the Prosecutor’s office.
In a statement, the body anti-corruption is also reported that the agreement took place on Monday during the trial and that the amount of the fine has already been entered.
In 2016, the Spanish judicial authorities launched an investigation on the european governance of the chinese bank ICBC as part of an investigation into the alleged laundering of hundreds of millions of euros of the giant chinese banking through the branch of Madrid.
This initiative was carried out in collaboration with different authorities and anti-corruption international, among them Europol, in which he was baptized as a “Operation Serpent”. The objective was to investigate how criminal gangs laundered tens of millions of euros in assets of chinese who were admitted to the European Union by fraud of customs.
It is believed that between 2011 and 2013 a 90 million euros from the organized crime chinese came to Spain in backpacks, luggage and boxesto then be deposited in accounts in the ICBC.
“The accused have accepted the score [del crimen como lavado de dinero] and the judgment, which has allowed the prosecutor and the defence to ask the Court to ratify the agreement on a verdict,” said the prosecutor’s office in a press release. Without giving names of the defendants, points out that the Spanish Supreme Court held on Monday a meeting with regard to the case.
A spokesman for the court said that the judge had to ratify the agreement, which is seen as a mere formality.
According to an investigation published by the newspaper The Avant-Gardethe branch Madrid ICBC tried to hide the payments received by criminal entities to separate it into numerous deposits of 50,000 euros or less, even when he had information that the police were conducting an investigation.
With information from Reuters
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