The Anti Money-Laundering Squad within the Department of Investigations into Financial Criminality, this morning arraigned a man in Court accused of money-laundering.
The 34-year-old man, a resident of Cospicua, was arraigned before Duty Magistrate Audrey Demicoli, after a considerable amount of money was found in his possession alleged to have resulted from criminal activities.
He entered a plea of not guilty to the accusations. His plea for bail was rejected and he was detained under arrest at the Kordin Corrective Facility. The Court ordered the freezing of his assets.
The Prosecution was led by Police Inspectors Dr Robert Azzopardi and TonJoe Farrugia, together with Dr Andrea Zammit from the Attorney General’s Office.