40 Arrested in France-Morocco Money Laundering and Fraud Probe

Under the direction of a magistrate from the Specialized Interregional Jurisdiction (JIRS) of Marseille and the supervision of the gendarmes of the research section (SR) of Montpellier, the Hérault group in coordination with the Interministerial Research Group (GIR) launched a large-scale gendarmerie operation. The operation was successful: forty people were arrested.

This operation was carried out as part of an investigation into money laundering and fraud between France and Morocco. This, after long and discreet investigations into the suspicious activity of merchants, including grocers, and craftsmen, reports Actu.fr. The investigators discovered that several tens of millions of euros had been invested in businesses in Morocco through asset management companies, as well as the construction of luxury properties.

With close cooperation between the gendarmes and the GIR and the Moroccan police and judicial authorities, it is highly likely that the suspects’ bank accounts will be frozen and their various assets - vehicles, businesses, homes, etc. - will be seized.