French and Swiss crack down on drug-money laundering

French police have charged nine people, including the deputy mayor of a Paris district, in an operation with Swiss police into the suspected laundering of about 40 million euros ($52 million) of drug money. Prosecutors in Geneva said Saturday that Swiss police had arrested two brothers of Moroccan origin. A raid on the Geneva home of one of the brothers led to the discovery of 800,000 euros in cash, and 160 watches and high-value jewels with an estimated value of 2 million euros in a hidden safe, said Le Temps newspaper. The arrests came after French authorities arrested 17 people as part of the investigation. In Switzerland, one other person was arrested in addition to the two Swiss men who are of Moroccan origin. Florence Lamblin of France\'s Green Party, a deputy mayor of a Paris district, was among those charged in the case. The arrests came after an investigation that was launched in February into the smuggling of tonnes of cannabis from Morocco to the Paris region via Spain. Lamblin resigned Saturday from her post but colleagues said she had denied any involvement. Her lawyer Jerome Boursican told AFP she had held 350,000 euros from a family legacy in a Swiss account. A person she trusted had put her in touch with someone who repatriated the money to France, only for her to find herself caught up in the investigation, he said. At most, he said, she was guilty of not having declared the money to the tax authorities, he added. A police source said it was the biggest case of its kind to have been cracked by the French police. Eight of those charged were freed on bail of between 80,000 and one million euros, a judiciary source said. The ninth had been kept in custody on suspicion of drug dealing. The remaining eight suspects arrested were expected to be brought before a judge later in the day. A source close to the case said police had found several million euros in cash and goods during the searches of suspects homes and safe deposit in both countries. Swiss press reports said the brothers in custody were suspected of having laundered the cash via a Geneva-based finance company and with the possibly unwitting participation of French tax evaders.