Police in Madrid have closed down a facility engaged in the buying and selling of gold and jewellery which had been set up by a gang of burglars to launder items stolen in various parts of the country.
The burglars, experts in the use of thermic lances, were arrested in February in connection with robberies of shops, mostly jewellers, in Madrid (5), Valencia (3), Barcelona and Málaga.
The police investigation led to the discovery that one of the burglars had acquired a designer ‘loft’ in the city, although his mother was listed as the owner.
The mother was also listed as the owner of a commercial company dedicated to the buying and selling of gold and jewellery with premises, furnished with an investment of €35,000, in the Arganzuela district. The shop was allegedly used as a laundering facility.
The police operation ended with the arrest of four people, including the mother and girlfriend of one of the burglars, the closing of the business and the seizure of bank accounts, cars and other items.