Irish property investors could be hit by Spanish money laundering probe
Lawyers from the Marbella-based Del Valle Abogados firm are at the centre of the inquiry into an estimated €600 million fraud that has seen 251 properties, including two entire housing developments, confiscated in a series of police raids in the Costa del Sol.
A total of 41 people - including Chilean-born Fernando del Valle, owner of Del Valle - have been arrested and luxury goods, more than 40 cars, planes and a yacht seized by Spanish police. The Del Valle office has reopened although Mr del Valle is still in jail, pending trial.
