CRIME ON THE COSTAS
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Saturday, 2 April 2011

Finnish couple jailed for money laundering on Costa del Sol


04:07 |

A court in the Spanish city of Malaga sentenced an elderly Finnish couple to three years and three months imprisonment after finding them guilty of engaging in money laundering for several years on Spain’s Costa del Sol.
      The two were also ordered to pay EUR 1.3 million in fines.
     
The court found that Aimo Veikko Voutilainen and Maria Leena Voutilainen had laundered nearly EUR 800,000 through real estate deals in Marbella and Fuengirola since the mid-1990s.
      The sentences are part of a large money laundering trial in the Costa del Sol, where there were a total of 19 defendants. Only five were convicted.
     
The money laundering scheme was hatched in a legal office in Marbella, where the Voutilainen’s were customers.
      The scheme unravelled in 2005. At that time dozens of people were arrested in an operation called “White Whale”. In addition, luxury cars, properties, and works of art were confiscated.
      The court found that Aimo Voutilainen, with help from his wife, had moved proceeds from tax crimes committed in Sweden abroad. He had been convicted of tax crime in Sweden in 1998.
     
A third Finn, a Helsinki businessman known for living a life of luxury in Marbella, was acquitted in the case.
      The court did not find that there was sufficient evidence that the man had laundered his acquaintances’ drug money.


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