Saturday, 16 June 2012

Marbella Town Hall to get just 4 million € in compensation for the Malaya case

Consternation in Marbella as the prosecutor in the Malaya case has said that amount the town is owed in compensation is just four million €. The money represents the loss of income from two property planning agreements, Vente Vacio and Edificio Centro, and is supposed to cover that lost by the misuse of public funds. 3.8 million € will however go to compensate the state coffers in the concept of the fines for money laundering in the Malaya case. It’s a crude reality for municipal interests, and the Mayor, Ángeles Muñoz, has said the quantity of four million € it is ‘intolerable’. Marbella Town Hall had asked for compensation of 14 million for patrimonial prejudice. But most of the money lost was in money laundering and the legislation establishes that the fines derived from money laundering go to the State, as the main body prejudiced.

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