The individuals are suspected of having laundered nearly 400 million kronor through an arrangement with a large number of companies in the construction industry, writes the Economic Crime Authority in a press release.
"It has been an extensive and well-organized activity that has been conducted both in Sweden and in Latvia. I would describe it as a money laundering factory," says Sanna Nesser, senior prosecutor at the Economic Crime Authority, according to the press release.
The indicted individuals were arrested in 2024 at five different locations in southern Stockholm and in Latvia and have been detained since then. The criminal activity has, according to the indictment, been ongoing between January 2023 and September 2024.
