Three people have been arrested in Elche in connection with an alleged fraud that removed €45,000 from a company account through the purchase and rapid resale of two company vehicles. Police have said both cars were transferred to other buyers within weeks and at prices well below market value, raising suspicion of a coordinated operation.

Investigations have pointed to the company’s former administrator as the alleged ringleader. Officers have found falsified invoices issued in the company’s name and evidence that funds were diverted rather than paid into the corporate account. One vehicle, originally acquired for more than €26,000, was sold to a private buyer for just €955 two months later; the other passed to a third company, which may have paid slightly more in good faith.

The ex-administrator has been detained on suspicion of fraud, document falsification and membership of a criminal group. The other two suspects have been arrested on suspicion of handling stolen goods and participating in a criminal group. Case files have been sent to the examining courts in Elche.