Spanish police said on Friday they had dismantled a criminal gang they believe was the largest financier of drug trafficking in Europe.
The gang, which operated out of a restaurant in an industrial park outside Madrid, is believed to have laundered about 300 million euros ($292 million) a year, police said in an emailed statement.
The criminal ring was the largest such gang in Europe, in terms of laundered funds when compared to Europol's investigations, a Spanish police spokesperson said.