Charrington, from Middlesbrough, was one of 13 alleged drug traffickers detained in a joint operation - seven in Spain and six in Venezuela.
The suspects also included one of Charrington's sons and his girlfriend, who was among those held in South America.
Charrington, 57, was detained at his home in Alicante - one of 10 he is said to own in Spain.
Spanish police said he also has a string of expensive boats and cars.
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