Kiel: €500,000 commercial property seized in criminal wealth investigation
German investigators seized a commercial property worth about €500,000 on 9 November. Its suspected owner allegedly has links to organised crime with connections to Turkey.
Schleswig-Holstein criminal investigators and state police searched premises in Kiel on Monday morning on suspicion of money laundering. Judicial authorities suspect the accused bought the commercial property with substantial proceeds of crime. The seized real estate has an estimated value of half a million euros.
The action forms part of a wider Task Force Money Laundering investigation. On 6 May, officers had already searched 14 sites and provisionally secured five properties and other assets worth about €3.25 million in total. Court orders underpin the latest seizure, while inquiries into the origin of the money continue.









































