Police find millions of euros in Ibiza club raids

Spanish authorities have found millions of euros in cash at Pacha and Ushuaïa after raiding the Ibiza superclubs as part of a tax fraud investigation.

Local newspaper Diario de Ibiza reports that about 40 officials from the Tax Agency (Agencia Tributaria), some armed with submachine guns and accompanied by police, burst into the clubs yesterday and discovered “several million euros”. A spokesman for the agency is quoted as saying: “We will now check if the amount of money corresponds to what the companies state in their accounts.”

“We will now check tif the amount of money corresponds to what the companies state in their accounts”

The raids came as part of Operation Chopin, a nationwide crackdown on alleged tax fraud in the nightlife industry. Just over two months ago police searched Space and Privilege following the discovery of €2m in cash in Amnesia, much of it stashed in hidden compartments in the walls.

Earlier this week it was reported in Spanish media that Pacha Group, which operates the chain of clubs, is up for sale.

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