Monday, March 12, 2012

Police arrest 178 in raids on Spain-based gang

The Spanish Interior Ministry says police have arrested 178 people in 12 countries suspected of forming part of an international crime gang with a large base in Spain.

The ministry says raids also took place in France, Italy, Germany, Ireland, Romania, Australia, Sweden, Greece, Finland, Hungary and the United States, where eight of the suspects were arrested.

It says in a statement released Tuesday that a two-year investigation found the organization was involved in credit card fraud, robbery with violence, extortion, sexual expoitation and money laundering. It is believed to have made more than (EURO)20 million ($24.5 million) from illegal activities.

Police also found 11 laboratories for falsifying credit cards during their 84 raids.

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