Spanish National Court investigates Plus Ultra fund laundering and Venezuelan corruption

money laundering Plus Ultra Venezuela corruption CLAP program Spanish National Court

The Spanish National Court is investigating a complex money laundering operation involving the alleged misappropriation of 53 million euros in rescue funds granted to Plus Ultra airline executives in March 2021.

Authorities are examining whether these funds were used to conceal the theft of Venezuelan public resources, specifically gold sales from the Bank of Venezuela and funds from the CLAP subsidized food distribution program. The investigation includes several high-profile figures, such as Alex Saab, an alleged front man for Nicolás Maduro, and Dutch financier Simon Leendert Verhoeven, who reportedly refused to testify.

Peruvian businessman Luis Felipe Baca Arbulu is also under investigation by Judge Calama, following evidence gathered through cooperation with Swiss, French, and U.S. authorities. The probe was triggered by suspicious activity alerts from financial institutions including Swissquote Bank, Banque Syz, and Banque Migro.

Entities

Alex Saab · José Luis Rodríguez Zapatero · Nicolás Maduro · Plus Ultra · Spanish National Court

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Investigators are looking into the irregular use of 53 million euros from a March 2021 rescue package for Plus Ultra airline executives. www.diariodemallorca.es · www.informacion.es · www.levante-emv.com
[● 3 SOURCES] Peruvian businessman Luis Felipe Baca Arbulu is being investigated by Judge Calama. www.diariodemallorca.es · www.informacion.es · www.levante-emv.com
[● 3 SOURCES] The investigation involves laundering illicit funds from gold sales by the Bank of Venezuela. www.diariodemallorca.es · www.informacion.es · www.levante-emv.com
[● 3 SOURCES] Dutch financier Simon Leendert Verhoeven refused to testify before the National Court. www.diariodemallorca.es · www.informacion.es · www.levante-emv.com
[● 3 SOURCES] The money laundering operation allegedly aimed to hide the theft of Venezuelan funds intended for hunger relief. www.diariodemallorca.es · www.informacion.es · www.levante-emv.com
[● 3 SOURCES] Alex Saab, an alleged front man for Nicolás Maduro, is implicated in the case. www.diariodemallorca.es · www.informacion.es · www.levante-emv.com
[● 3 SOURCES] The Spanish National Court is investigating a case involving José Luis Rodríguez Zapateró. www.diariodemallorca.es · www.informacion.es · www.levante-emv.com
[● 3 SOURCES] The scheme allegedly involved public funds from the CLAP food distribution programs. www.diariodemallorca.es · www.informacion.es · www.levante-emv.com
[● 3 SOURCES] The Spanish National Court is investigating a case involving José Luis Rodríguez Zapatero. www.diariodemallorca.es · www.informacion.es · www.levante-emv.com
[● 3 SOURCES] Alex Saab, described as a front man for Nicolás Maduro, is among those implicated. www.diariodemallorca.es · www.informacion.es · www.levante-emv.com
[● 3 SOURCES] Investigators are looking into the alleged irregular use of 53 million euros in rescue funds received by Plus Ultra airline executives in March 2021. www.diariodemallorca.es · www.informacion.es · www.levante-emv.com
[● 3 SOURCES] The money laundering operation allegedly aimed to hide the theft of Venezuelan funds intended for hunger relief programs. www.diariodemallorca.es · www.informacion.es · www.levante-emv.com

Sources

CASO ZAPATERO| Los blanqueadores de Plus Ultra participaron en la corrupción de Maduro para sustraer fondos de la lucha contra el hambre [www.diariodemallorca.es]

about 15 hours ago

CASO ZAPATERO| Los blanqueadores de Plus Ultra participaron en la corrupción de Maduro para sustraer fondos de la lucha contra el hambre [www.informacion.es]

about 15 hours ago

CASO ZAPATERO| Los blanqueadores de Plus Ultra participaron en la corrupción de Maduro para sustraer fondos de la lucha contra el hambre [www.levante-emv.com]

about 15 hours ago