The Guardia Civil has been acting on an arrest order for Teddy Bautista, today Friday. He’s the President of the performing rights and copyright organisation, SGAE, and agents have also been searching the Madrid offices in an investigation into allegations of the diversion of funds and misappropriation.
The Guardia Civil have confirmed they have arrested Bautista and eight others on charges of corruption.
A search of the offices has also been carried out as the investigation indicates that a parallel business structure had been established to which funds from the institution were diverted.
Reports indicate that the operation which was ordered by the Anti-Corruption Prosecutor, has been two years in the planning.
The partners of the SGAE have issued a statement meanwhile backing the management of Bautista, re-electing the team in recent voting, and taking their mandate to 2015.
The story quickly became a trending topic on Twitter in Spain, with the SGAE one of the least popular organisations, following cases of them trying to charge for music at many charity events, and their fight against music downloads.
Lawyer, Josep Jover, has said that 400 million € has vanished from the SGAE, and the Ministry for Culture has simply looked the other way.
No comments:
Post a Comment