Moroccan-Spanish Business Network Probed for Money Laundering Scheme

These companies are suspected of artificially inflating import and export invoices in order to justify suspicious fund transfers.

According to the daily Assabah, some companies are exporting Moroccan products to Spain at prices 40% higher than their real value. In return, they are importing goods at inflated prices, or even empty containers.

The amount of suspicious transactions would amount to several hundred million dirhams. The funds would likely come from drug trafficking.

The Moroccan authorities are continuing their investigations to determine the extent of the network and identify the people involved.