loans were taken out for car purchase, and were based on false documentation relating to income and employment. The loan repayments were never made.

The National Police Fraud Squad in Málaga has broken up an organised group of criminals who are believed to have defrauded more than 150,000 € by taking out fraudulent bank loans.The gang used false documentation to take out loans for car purchase but never made the repayments.Twelve vehicles have so far been detected as being bought in this way.Twelve people have been taken into custody: eight Spaniards, three Romanian nationals and a woman from Morocco. A 51 year old man from Romania is believed to have originally formed the network, and then passed it on to his two sons.

Posted in: Malaga