National Police arrest Columbian gang ready to print 350,000 fake euros

2020/07/03 15:25:55 Written by Canarian Weekly Gran Canaria

An international operation involving the National Police, Europol and the Colombian Ministry of the Interior, have uncovered a Columbian gang in Las Palmas de Gran Canaria with a printing press ready to forge 350,000 euros on 20 and 50 euros notes.

As reported by the General Directorate of the Police, a group based in Cali (Colombia) moved several members of its gang to Gran Canaria, to facilitate the introduction of counterfeit money, into the financial circuit of Europe.

The investigation began in early 2020 when the Technical Investigative Body of the Office of the Prosecutor of the Republic of Colombia, informed the Spanish Police that they were carrying out an investigation for counterfeiting currency.

Colombian agents had discovered that the criminal organization was based in the city of Cali, and that it was preparing an operation to print huge amounts of fake euros.

Furthermore, they found out that the organization specialized in drug trafficking, and had decided to move the printing of counterfeit euros to Europe to make it easier to ‘wash’ in European money markets.

The leaders of the criminal group sent two ‘printers’ to Spain, but only one managed to pass the border control at the airport, but police were able to arrest him when they found out where the operation was based in Las Palmas.