Spain made history on November 6 and 7, 2024, seizing 13 tons of cocaine hidden inside a banana shipment docked at the port of Algeciras. That is the largest drug bust in Spanish history, and it turns out the supply chain for laundering that kind of money is just as global as the shipment itself.
Bloomberg’s investigation, published July 14, 2026, traced the threads from that Ecuadorian banana cargo to Wall Street financiers, Dubai real estate, and a now-collapsed Irish fintech called Leveris Limited.
The fintech at the center of it all
Leveris Limited was founded in 2014 as an Irish financial technology firm. On paper, it built core banking software for other financial institutions.
It went under in 2021 with debts totaling €38 million. Bloomberg’s reporting connects Leveris’s former executives to individuals linked to the Kinahan cartel, one of Europe’s most powerful organized crime networks and a group that has been a persistent target of law enforcement across Ireland, Spain, and the United Arab Emirates.
