Koprivnica director indicted for laundering 4 million euros

The County State Attorney's Office in Varaždin has filed an indictment against a 47-year-old company director from Koprivnica and his 70-year-old family member for money laundering and forgery. The charges stem from a fraud scheme targeting a German company that allegedly resulted in the illegal acquisition of 4.3 million euros between January 2020 and September 2022.

According to the indictment, the director used a Swiss company, for which he was also the responsible person, to launder approximately 4.09 million euros. To justify transfers to the Swiss entity, he provided banks with falsified invoices claiming the purchase of goods. The funds were subsequently moved back to companies in Koprivnica and into the director's private account, totaling over 3.1 million euros.

The defendant reportedly used the illicit funds to purchase three properties worth approximately 725,258 euros and withdrew over 447,000 euros in cash. The 70-year-old co-defendant is charged with money laundering for allegedly accepting a gifted property, knowing it was acquired through criminal activity, in an attempt to avoid state seizure.