BLS International shares plunge amid Spanish visa fraud probe

Spain’s National Court has expanded its investigation into a suspected visa fraud network at the Spanish Consulate in Algiers to include the private service provider BLS International. The probe, led by Judge María Tardón, is examining whether employees of processing platforms like BLS participated in a system where applicants allegedly paid up to €25,000 to secure Schengen visas and permits.

The investigation follows the April 2026 arrests of Vicente Moreno, the consulate’s chancellor, and local employee Mohamed Boutouchent. Authorities suspect a network facilitated the issuance of visas to individuals who did not meet formal requirements through the use of unverified or falsified documents.

BLS International, an Indian-based company responsible for administrative tasks and appointment logistics, has rejected all allegations of wrongdoing. The company issued a statement clarifying that its role is strictly administrative and that all final decisions regarding visa issuance rest solely with diplomatic and consular authorities. Following the news, BLS International shares saw a significant decline, falling as much as 13.94% on the National Stock Exchange.