Canary Islands Businessman Caught Stealing €120,000 – Implications for Local Economy

The Civil Guard has detained a business executive in Tenerife on suspicion of multiple charges including embezzlement, maladministration, and falsification of documents. The executive is accused of pilfering company assets and embezzling over 120,000 Euros. The operation, named Operation Pumba, is being conducted by the Judicial Police’s Organic Unit of the Command of Santa Cruz de Tenerife, which is also probing two other individuals for their role in these offences.