MADRID (Spain) - SPANISH police have cracked down on a gang suspected of swindling up to 65 million euros (S$126.8 million) from foreigners in real estate scams.
Prosecutors says the group enticed some 200 foreigners, mostly Britons, into investing in nonexistent real estate projects along Spain's southern coast.
The prosecutor's office in a statement Thursday that two people were arrested. Their identities and nationalities were not released.
More than 20 people from different countries are also wanted for questioning in connection with the fraudulent scheme.
Authorities say the arrests took place on Wednesday after two years of investigations. -- AP
