Bangladesh, Sept. 9 -- Spanish authorities have dismantled a major international cocaine trafficking and money laundering network allegedly operating through an underground financial system known as the “Dubai Bank,” arresting 21 people and identifying illicit assets worth an estimated €20 million ($23.24 million).

The operation, announced by Spains National Police on September 8, followed a complex investigation that began with the seizure of a cocaine-laden vessel in 2021. Investigators say the case ultimately exposed a sophisticated criminal infrastructure capable of moving drug money rapidly between countries and financing large-scale narcotics shipments across international borders.

At the center of the investigat...