×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Spain | Chinese Bank Probe

Spain Court Releases 2 China Bank Executives with Conditions

Tuesday, 12 April 2016 01:21 PM EDT

MADRID (AP) — A Spanish court has ordered the conditional release of two executives of China's state-owned ICBC bank in Madrid that were among six arrested in February in a money laundering and tax fraud probe.

The Madrid court said Tuesday only one of the six detained still remains in preventive custody. Three others were allowed out on bail within days of their arrest.

The case has been placed under a secrecy order but police said it was a follow-up on one in 2015 that targeted gangs using the bank to launder to China some 40 million euros ($45 million) proceeding from Chinese-run bargain stores in Spain.

The court said the two ordered released must hand in their passports, stay in Spain and appear before court twice a month.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
A Spanish court has ordered the conditional release of two executives of China's state-owned ICBC bank in Madrid that were among six arrested in February in a money laundering and tax fraud probe.The Madrid court said Tuesday only one of the six detained still remains in...
EU,Spain,Chinese Bank Probe
128
2016-21-12
Tuesday, 12 April 2016 01:21 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved