Frankfurt prosecutors are investigating the management of an import-export company based in the city’s banking district. The allegation: several million euros from Europe’s cocaine trade were allegedly funnelled into the legal economy through fake invoices for supposed machinery sales.
Investigators say the company is linked to the North Sea Cartel, already active in the Netherlands and Belgium, and is believed to have served as one of several laundering fronts within a larger, Europe-wide corporate network.
Prosecutors have frozen accounts holding approximately €4.2 million. A trial against two suspects is expected to begin early next year.
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