12 Apr, 2016 @ 13:21
1 min read

‘Spain’s Great Gatsby’ and family arrested for laundering €13m in aloe vera

MARIO CONDE e

MARIO-CONDEFORMER chairman of Banesto bank who was twice jailed for embezzlement has again been arrested on suspicion of money laundering.

Mario Conde was among eight people arrested on Monday, including his son, daughter and her husband.

Since 1999, funds from his Banesto days had reportedly been repatriated to Spain from Switzerland, Luxembourg and the UK in incremental amounts of no more than €3,000, using a network of companies that included an aloe vera producer.

Investigators still believe large sums of fraudulently repatriated funds have never been traced.

Conde, AKA “The Shark”, could face another 12 years in jail after serving less than half of his previous 20-year conviction.

He will appear before a judge later this week.

Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

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