Re: Aifos directors face more court appearances

#93721

Fuengi (Andrew)
Participant

The problems for the Aifos real estate company continue the week after they finally filed for bankruptcy protection facing an accumulated debt of 1.029 billion €.

Now the courts are looking at several actions of their directors, and the Penal Court in Málaga has reopened the oral case against the Company Chairman, Jesús Ruiz Casado and his wife, María Teresa Maldonado, who are accused of fraud for selling property which was not later built.

The prosecutor has asked for a seven year prison sentence for both husband and wife and a fine of 16,200 € for an alleged crime against consumers. The key thing now is that the penal instead of the civil court is being used, as it is considered that the owners of the company tricked their clients in a pre-meditated way…

http://www.typicallyspanish.com/news/publish/article_22532.shtml