BREAKING: Spanish cops storm Marbella in property raids against family of Syrian president Bashar Al-Assad

LAST UPDATED: 4 Apr, 2017 @ 12:50
3
SHARE

Bashir Al-Asad
Bashir Al-Asad

SPANISH cops have begun a raid on properties in Marbella and Puerto Banus belonging to the family of Syrian president Bashar Al-Asad.

It comes after judge Jose de la Mata launched the operation for alleged crimes of money laundering committed by a criminal organisation.

Some 15 properties in Marbella and Puerto Banus are to be raided while the accounts of 16 people have been frozen.

A total of 76 companies have also had their accounts frozen.

Some €300 million is believed to have been looted from Syria’s coffers by Rifaat El Asad, the uncle of the current president of Syria, when he was exiled in the 1980s.

rifaatsum_1918893a
Rifaat Al-Asad

Rifaat and his relatives are believed to have used some of the funds to buy around 503 properties, including garages, holiday homes, luxury hotel apartments, country estates and more.

Almost all of the properties are said to be in the Marbella and Puerto Banus area.

This includes a farm called La Maquina, worth €60 million and more than 3,000 hectares large, it occupies a third of the town of Benahavis.

The total market value of all the family’s properties in Spain is reported to be a whopping €691 million.

The police operation, named SCAR, is being carried out by the Anti-Organized Crime Team of the Malaga Commandant under the Central Operative Unit.

There have yet to be any arrests, but investigators have been keeping track of the family and counting up their properties for months.

Rifaat’s brother expelled him from Syria in the 80s because he feared he was organising a political coup.

Puerto Banus
Puerto Banus

There is evidence to suggest Rifaat made off with €300 million before moving to France to invest in real estate.

French authorities concluded that the properties bought up in France, Curacao, Lichenstein and Luxembourg were purchased from embezzlement of public funds and to the detriment of the Syrian state.

Rifaat moved on from France to the Costa del Sol, where he began buying up assets in and around Marbella.

Just last year, French courts charged him with a cover-up of public money diversion, money laundering and involvement with organised crime.

 

 

 

3 COMMENTS

The Olive Press are not responsible and do not moderate individual comments before they are posted. Anyone who uses racist, sexist, homophobic or xenophobic language or hate speech will be blocked.
  1. And there we are, poor old Pablo Cedron complaining about a few petty Brit criminals. Pablo must be sleep walking most of the time. BTW, the article didn’t mention when the French authorities new about Rifaat El Asad, and how far back, or did they just keep mum. Besides does it have anything to do with Spain seeing as Spain is rated as being the most corrupt country in Europe.

  2. Carlos, that person that has been living in every country of Europe and now really well how politics work in every of them to determine that Spain is the most corrupted one
    Adviser at barra the bar meanwhile

  3. Florentino, please don’t misunderstand in what I’m about to say, but sometimes it’s difficult in understanding what a foreign person it trying to say written n the English language. So please don’t be offended if I try to re-write in what you intended to say. HERE GOES.
    “Carlo, the person named as Rifaat El Assad had lived in various countries within Europe and therefore would be quite familiar and knowledgeable regarding the various laws of those countries, but seeing that Spain is recognized as being the most corrupt country in Europe decided to make Spain as his home base”.
    I think that interpretation is more understandable and Know doubt someone else could elaborate further.
    Adviser to the Queen of England’s Linguistic Department in the meantime.

HAVE YOUR SAY...