Spain’s Guardia Civil said the Lyons network in Spain had been taken apart in a series of raids, mostly on the Costa Del Sol and in Barcelona, with 20 other people under investigation.
Electronic devices, large amounts of cash, company documents, high-end watches and cryptocurrency wallets were seized.
Operation Armorum has also seen police in Turkey locate and freeze high-value assets linked to the Lyons group.
The operation has seen 15 people arrested across multiple countries.
The Guardia Civil is one of Spain’s two national police agencies. It operates as a paramilitary organisation and deals with high-level security and serious crime.
The raids came after a three-year investigation in collaboration with Police Scotland.
A statement released by Andalucia’s High Court of Justice, said last week: “So far, there are 24 individuals under investigation, with varying degrees of involvement and responsibility in the events. It appears that all of them are foreigners.
“A total of 19 searches have been carried out, mainly in private homes: one search in Barcelona, another in the city of Malaga, and the rest in Fuengirola and Mijas.
“As a result of these searches, seven people were arrested or turned themselves in to the court after learning they were being sought.”
The statement added two people have been remanded in custody, while five were granted bail on the condition that they surrendered their passports and did not leave Spain.
It added several international arrests warrants have been issued in connection with the investigation.
