Spain busts lucrative Chinese-Arab money laundering ring

Police in Spain say they have cracked a smuggling ring responsible for trafficking people from Syria to Europe via Sudan. (AP/File)
Short Url
Updated 15 May 2025
Follow

Spain busts lucrative Chinese-Arab money laundering ring

  • Police said the investigation began after the dismantling of a migrant-trafficking gang
  • Police arrested 17 mostly Chinese and Syrian suspects in January

MADRID: Spanish police on Thursday said they had broken up a Chinese-Arab ring that laundered $21 million of proceeds from people and drug trafficking through the informal “hawala” money transfer system.

Police said the investigation began after the dismantling of a migrant-trafficking gang transporting mostly Syrians between Algeria and Spain, which led to a probe into their finances.

An Arab branch of the network “took charge of the reception of money in any part of the world,” while a separate Chinese branch supplied the cash in Spain in exchange for cryptocurrencies.

Police arrested 17 mostly Chinese and Syrian suspects in January — 15 in Spain, one in Austria and another in Belgium — said EU law enforcement agency Europol which supported the operation.

The network’s Belgium-based leader had “Jordanian-Palestinian nationality” and facilitated contacts within Spain, police chief inspector Encarna Ortega told a press conference in Madrid.

He is suspected of coordinating a litany of operations, mainly laundering money from the proceeds of trafficking humans and drugs, she added.

In total, the suspects moved $21 million between June 2022 and September 2024, Spanish police said.

Authorities seized from them 205,000 euros ($229,000) in cash, more than 183,000 euros in cryptocurrency, 18 vehicles, real estate property and illegal cigars worth more than 600,000 euros destined for sale in China.

Hawala is traditional system of moving money between countries based on confidence and a network of intermediaries with minimal paperwork which is popular in parts of Asia and Africa.

The method is especially common among migrant workers who send remittances to their families, but it has also been linked with financing terrorism.


India’s Parliament approves bill to open civil nuclear power sector to private firms

Updated 8 sec ago
Follow

India’s Parliament approves bill to open civil nuclear power sector to private firms

  • The government termed it a major policy shift to speed up clean energy expansion
  • The move carries global significance as India seeks to position itself as a major player in the next wave of nuclear energy

NEW DELHI: India’s Parliament approved new legislation Thursday that enables opening the tightly controlled civil nuclear power sector to private companies.
The government termed it a major policy shift to speed up clean energy expansion while the opposition political parties argued that it dilutes safety and liability safeguards.
The lower house of parliament passed the legislation Wednesday and the upper house on Thursday. It now needs the assent from the Indian president, which is a formality, to come into force.
The move carries global significance as India seeks to position itself as a major player in the next wave of nuclear energy, including with small modular reactors at a time many nations are reassessing nuclear power to meet climate targets and reduce dependence on fossil fuels.
Supporters argue the legislation marks a decisive break from decades of state dominance in nuclear energy while critics say it opens the door to risks, mainly health hazards, that could have long term consequences.
“It marks a momentous milestone for India and signals capable private sector players that the country is open for business in the nuclear energy space,” said Karthik Ganesan, director of strategic partnerships at the Council on Energy, Environment and Water, a think tank.
Junior Minister Jitendra Singh, who oversees the department of atomic energy, told lawmakers that the bill — which has been dubbed Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India — seeks to modernize India’s nuclear framework in line with technological, economic and energy realities. It also retains and strengthens core safety, security and regulatory safeguards.
“India’s role in geopolitics is increasing. And if we have to be a global player effectively, we have to live up to global benchmarks, follow global parameters and adopt global strategies,” Singh said in the lower house, adding that the legislation was necessary to address the country’s growing energy needs.
India wants more nuclear power and has pledged over $2 billion in recent months toward research and allied activities. Nuclear power is a way to make electricity that doesn’t emit planet-warming gases, although it does create radioactive waste.
India is one of the world’s biggest emitters of planet-heating gases and over 75 percent of its power is still generated by burning fossil fuels, mostly coal. India wants to install 100 gigawatts of nuclear power by 2047 — enough to power nearly 60 million Indian homes a year.
Energy experts say that for the world to move away from carbon-polluting fuels like coal, oil and gas, sources like nuclear that don’t rely on the sun and the wind — which aren’t always available — are needed. But some are skeptical about India’s ambitions as the country’s nuclear sector is still very small, and negative public perceptions about the industry remain.
Opposition parties flagged concerns related to several provisions of the bill and urged the government to refer it to a parliamentary panel for examination. The government didn’t adhere to the request.
“The bill doesn’t have sufficient safeguards when it comes to mitigating the bad health of those impacted by living in areas closer to nuclear plants,” Ashok Mittal, a lawmaker from the opposition Aam Admi Party, told The Associated Press.
G. Sundarrajan, an anti-nuclear energy activist, called the bill a “disastrous law,” saying it takes away essential safeguards that are needed to make sure companies invest in safety and reduce the chances of a major disaster that can impact millions from occurring.
“It also provides little recourse for any Indian citizen to claim damages from nuclear companies even if they are affected by radiation leaks or suffer from any other health impact as a result of a nuclear plant in their region,” he said.