Tuesday, 1 March 2011

Funds recovered in Andorra connected to Llíber illegal properties case

ANDORRA Flag - Window Bumper Laptop StickerFunds recovered in Andorra connected to Llíber illegal properties case: "The Civil Guard have recovered 2.4 million € from an account in Andorra which officers say is money which had been diverted there by a real estate corruption network in Llíber, in inland Alicante province.

It’s understood to be part of the money which was paid over by developers in return for Town Hall licences to build properties illegally on rustic land. It’s estimated that some 300 properties received permission to be built in this way.

The case has seen 18 people taken into custody since the first arrests took place in December 2008, including Llíber’s former Partido Popular Mayor, José Mas. The town’s ex municipal surveyor is another of the suspects; ABC newspaper reports that he and his wife are the holders of the Andorra account.

The total amount defrauded is believed to be as much as 90 million €."

DISCLAIMER:Text may be subject to copyright.This blog does not claim copyright to any such text. Copyright remains with the original copyright holder.

No comments:

LinkWithin

Related Posts with Thumbnails