Press Release

Tirana Prosecution Office has concluded its investigations into citizen J.Gj. and foreigners S.C., C.C., and M.E., charged with the criminal offense of 'Laundering the proceeds of the criminal offence or criminal acitvity' commited in complicity as stipulated in  Article 287, second paragraph, of the Criminal Code.

The investigations under criminal proceeding no.1950 of 2021, revealed that these individuals are also under investigation by Spanish authorities for economic crimes involving multiple companies in Tenerife, Spain.

According to the accounting expert report conducted as part of the investigation, it was conclusively shown that all defendants cooperated to establish companies in Albania for laundering illicit  acquired funds from Spain, as well as from other countries like Italy or Switzerland. The expert report revealed financial transactions between companies sharing the same Albanian or foreign names.

The investigation revealed that these individuals attempted to launder proceeds from criminal activities by establishing trading companies and conducting financial transactions through banks, simulating their actions as legitimate. It was also proven that the companies in Albania, which facilitated the defendants in committing offenses under Article 287 of the Criminal Code, were established subsequent to their earlier establishment of companies in Spain. These Spanish companies are currently under investigation for fraud. This fact is substantiated not only by the establishment 
dates of the Albanian companies but also by the fact that some of these companies in Albania are subsidiaries of the foreign ones and share the same name.

The defendants intentionally established companies in Albania, investing illicit gained funds from Spain in order to generate profits from their illicit activities.