Luxembourg authorities have intensified their investigation into the Caritas scandal, conducting searches at Spuerkees and BGL BNP Paribas over their involvement in the fraudulent transfer of €61 million.
In light of the ongoing Caritas scandal, Luxembourg's authorities have conducted court-ordered searches at Spuerkees and BGL BNP Paribas. Paperjam reported on Friday afternoon that both the judicial police and the Financial Sector Supervisory Commission (CSSF) carried out searches at both banks' headquarters, with the one at Spuerkees reportedly having taken place several weeks ago already.
Earlier this week, Reporter.lu had already revealed that the judiciary has also launched a preliminary investigation into the role of the banks.
The fact that both Spuerkees and BGL BNP Paribas had facilitated the transfer of €61 million to accounts of Spanish bank BBVA emerged early on in the investigation. As RTL previously reported, various questions remain about how such large sums of money were transferred over several months without raising any suspicion – a concerning fact given the strict regulations banks must follow to prevent fraud and money laundering.
