SPAK Seizes $200 Million in “Albania Land Development” Accounts Amid Zvërnec Land Investigation

 Albania’s Special Anti-Corruption Structure (SPAK) has frozen the bank accounts of the company “Albania Land Development” as part of an ongoing investigation into suspected land ownership manipulation in the coastal area of Zvërnec, one of the country’s most strategically important and contested development zones.

SPAK has frozen around $200 million in a second-tier bank as part of the BKH's investigations into the alienation of properties in Zvërnec, a scheme in which Redi Struga and Artur Shehu are suspected of being involved.

According to investigative sources, the amount frozen in a second-tier banking institution is estimated at around $200 million, making this one of the largest financial seizures linked to an ongoing corruption and property dispute investigation in recent years.

Investigation into Alleged Land Transfer Scheme

SPAK is currently examining allegations of an organized scheme involving the alteration, transfer, and appropriation of land ownership rights in the Zvërnec area. The region, known for its environmental and tourism value, has increasingly attracted both domestic and foreign investment interest.

Authorities suspect that the case may involve a structured network designed to facilitate questionable land transfers and financial gains linked to development projects in the coastal zone.

BKH Searches and Key Figures Under Scrutiny

As part of the investigation, agents from the National Bureau of Investigation (BKH) have carried out searches involving Redi Struga, an administrator of “Albania Land Development.”

Preliminary findings suggest that Struga may have acted as an intermediary between the company and a group of Qatari investors involved in development projects in the region.

Another central figure in the investigation is Artur Shehu, currently residing in the United States. According to SPAK’s suspicions, Shehu may have played a key role in orchestrating or managing the alleged land transfer scheme under investigation.

Ongoing Investigation

The investigation remains active, and SPAK is expected to further clarify the financial and legal mechanisms behind the suspected transactions, as well as the responsibilities of all individuals involved.

Authorities have not yet released additional details, but further procedural actions are anticipated as forensic financial analysis and property ownership verifications continue.

SPAK continues to intensify efforts in tackling corruption and irregularities in strategic development zones, particularly those involving high-value coastal land assets.