German authorities say they’ve seized properties price 40 million euros ($45 million) and tens of millions extra in money in an investigation linked to a giant Russian cash laundering scheme.

Federal investigators and Munich prosecutors mentioned in a press release Wednesday the seizures of properties in central and southern Germany got here after three years of investigating three people, whose identities weren’t launched. Some 6.7 million euros was additionally seized from German banks and one other 1.2 million euros from a Latvian financial institution.

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Prosecutors allege “revenue from cash laundering in reference to the so-called Russian Laundromat was invested in high-value actual property” in Germany.

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They are saying the scheme concerned transferring some $22 billion from Russia into Europe by way of banks in Moldova and Latvia utilizing fictitious corporations.

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Neither police nor prosecutors had been obtainable for additional particulars.


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