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Alleged Fraud Ringleader Arrested in Venezuela

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Alleged Fraud Ringleader Arrested in Venezuela

A 36-year-old Icelandic citizen was arrested in Venezuela on Monday on suspicion of having received ISK 270 million (USD 2.4 million, EUR 1.7 million) defrauded in a value-added tax case. Police are investigating whether he organized the fraud.

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Copyright: Icelandic Photo Agency.

In a raid, which police undertook parallel to arresting six individuals, two women and four men, ISK 500,000 (USD 4,400, EUR 3,200) in cash and almost 12 kilos of hash were confiscated. The drugs are believed to belong to the alleged ringleader, Fréttabladid reports.

He left the country before the value-added tax fraud was discovered and the arrests took place. The international department of the National Commissioner of the Icelandic Police issued a warrant for his arrest and he became wanted by Interpol on suspicion of drug smuggling, forgery, money laundering and tax fraud.

The man was arrested at the Santiago Marino airport on the island of Margarita where he was planning to embark a plane to Frankfurt, Germany. He had been in Venezuela for 15 days.

Smári Sigurdsson at the international department of the National Commissioner of the Icelandic Police said it is impossible to tell how long it will take to have the suspect extradited from Venezuela but he is hopeful that it won’t take long.

The alleged ringleader is currently under custody in Venezuela while custody over his alleged accomplices in Iceland, one of whom is an employee of the Commissioner of the Inland Revenue, has been extended until October 8.

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