Lithuanians are believed to be among 10 people detained by Dutch police in connection with the suspected use of the virtual currency Bitcoin to launder around €20 million.
© Reuters/Scanpix

According to local media, the Dutch Fiscal Information and Investigation Service in conjunction with the Department of Public Prosecutions launched 15 raids all across the country. Ten people were detained, zdnet.com reports.

Police had received information from Dutch banks about large amounts of money being cashed through ATMs. In the raids, police seized cash, luxury cars and chemical substances which are used to produce the drug ecstasy.

It is believed that the men, some of whom are Lithuanian and Moroccan, have been operating on the deep web – a normally invisible part of the internet in which underground markets are thriving.

Bitcoins are used to help conceal transfers and ensure anonymity of both buyers and sellers and are often used on the deep web.

The Dutch police coordinated with law enforcement agencies from the United States, Australia, Lithuania and Morocco in organising the raids.

DELFI

Parliament board to hold emergency meeting on speaker's removal

The Board of the Lithuanian Seimas is set to hold an emergency meeting on Tuesday night to discuss...

Over 50 MPs voice no-confidence in Seimas speaker

Fifty-three Lithuanian MPs have signed a document expressing no-confidence in Viktoras Pranckietis ,...

Lithuania drops to 23rd place on EU's Gender Equality Index

Lithuania fell to number 23 among the EU's 28 member states in the latest ranking by the European...

Karbauskis delegated to Seimas leadership

The ruling Lithuanian Farmers and Greens Union has decided to delegate Ramunas Karbauskis , its...

Polish citizens in Lithuania backed opposition in election in Poland

Almost 1,000 Polish citizens cast their votes in the Polish parliament election in Lithuania on...