The police confirmed, that the chief executive officer and the general manager of Banca Privada d’Andorra Joan Pau Miquel is detained on Friday evening.
He is accused of commission of crime, connected with money laundering.
The police declared that detained him till the court planned for Wednesday.
It is the first arrest in connection with crisis which burst in Banca Privada d’Andorra on Tuesday. In police they don’t exclude new arrests.
Earlier National institute of finance of Andorra (INAF) appointed two external managing directors in one of five banks of Andorra – Banca Privada d’Andorra (BPA) for carrying out internal investigation in response to official charge from the U.S.
Treasury Department of money laundering received by BPA from the criminal groups from Russia. Look for details here
See also Andorra business guide
See also Andorra company formation
