Slovak authorities charge nine in 16 million euro money laundering case

The Office for Combating Organized Crime (ÚBOK) has brought charges against nine individuals and one legal entity for the continuous laundering of criminal proceeds. The investigation is linked to an international tax fraud case involving damages exceeding 26 million euros.

Investigators allege the group used a sophisticated system to conceal the origins of funds derived from tax crimes. This involved transferring money through a network of domestic and foreign bank accounts and shell entities, subsequently investing the proceeds into real estate, securities, and other assets. At least 2.9 million euros are believed to have been laundered through this scheme. Under orders from the European Delegated Prosecutor, assets valued at approximately 16 million euros have been seized. The case remains under the supervision of the European Public Prosecutor's Office (EPPO).