The Police in Spain have begun investigation into tax evasion and money laundering after uncovering fake transfers involving a number of player agents, as announced by the Civil Guard on Tuesday.
The statement disclosed that several raids were conducted on properties linked to the suspects in which it was discovered that prominent football agents were arranging fake transfers through a Cypriot football club to evade taxes and launder money.
“At least 10 million euros was put back into Spain through the purchasing of luxury assets including real estate and yachts,” the statement added.
The Spanish Press has also named Fali Ramadani as one of the agents involved. He is the representative of Real Madrid striker Luka Jovic and Juventus midfielder Miralem Pjanic.
When the AFP reached out to a Civil Guard spokesperson, he was unable to confirm the identities of parties involved. The agents were part of an organization that specializes in making fake transfers to inflate the price of players and also avoid paying taxes in several countries including Serbia, Belgium, and Cyprus.
The Spanish press further revealed through sources close to the investigation that the agents used a Cypriot club, namely Apolloin Limassol to initiate the ghost transfers.