Several suspects have been detained in Israel in connection with a multi-million cryptocurrency laundering scheme to defraud the French treasury.
According to a statement released by Israeli police this Monday, the investigation focused "on the suspicion of a large-scale fraud against the state treasury in France that was carried out from Israel."
The fraud allegedly involved the theft of millions of shekels "and the laundering of the funds by converting them to cryptocurrency," the police added.
Israelis suspected of laundering millions through crypto after defrauding French state treasury. Undercover investigation in cooperation with Europol & the French police, 3 people were arrested suspected of stealing & laundering tens of millions of shekels https://t.co/T4EYgg1PlJ
— CTech (@Calcalistech) August 15, 2022
Three people have been arrested and others have been detained for questioning on suspicion of money laundering and tax offences, according to the police, who did not detail the suspects' identities.
The investigation was conducted in cooperation with Europe's law enforcement agency Europol, French police, the Israeli Tax Authority, and the Cyber Unit at the Office of the State Attorney in Israel.
