Otherwise, it will proceed to seizure of real estate. Until now, it was only possible to seize a yacht registered in Gibraltar with a value of €325,515 and a current account with a positive balance of €247.26.
The head of the Court of Instruction No. 47 of Madrid, Alfonso Carretero, investigating the alleged fraud against the Madrid City Council in the purchase of medical supplies during the pandemichas this Wednesday agreed to extend Luis Medina’s charge of the crime of concealing assets and orders him to deposit a bail of 891,227.07 euros or else he proceeds to seize real estate.
Until now it was only possible to seize a yacht registered in Gibraltar with a value of €325,515 and a current account with a positive balance of €247.26 to cover the civil liability for the alleged crimes under investigation, the amount of which in his case amounts to 1.2 million euros, a bail of 891,227.07 euros is required.
The judge points out that if he does not deliver it within three days, he will seize all his movable and immovable property, without prejudice to the fact that this amount is subsequently extended in the event that the responsibilities cannot be sufficiently guaranteed pecuniary of the other surveyed, Alberto Luceño, given the solidarity nature of civil liability.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
