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The IVF denied a loan for audiovisual material to the cartel of Puig’s brother

VALENCIA. Among the financing channels that the so-called audiovisual cartel of the brother of the President of the Generalitat, Ximo Puig, and his partners tried to resort to during the period in which they were investigated for agreeing on prices is the Valencian Institute of Finance (IVF) directed by Manuel Illueca. The intention was to request a loan for the company Kriol Produccions, whose sole administrator is Enrique Adell Bover. However, the Valencian public bank it was rejected, as confirmed by sources from the entity itself.

As you may have learned Valencia Plaza, the request for money was for audiovisual material. Specifically, for a mobile unit. Once the request reached the IVF, it was forwarded to the Reciprocal Guarantee Society (SGR)now Affin SGR–, which ruled against granting the loan, so that the public bank denied it in the same sense. From the entity they emphasize that the procedure was scrupulously followed as in any other case.

The idea of ​​going to her is reflected in the conversations in the file of the inquiries carried out by the Commission for the Defense of Competition of the Valencian Community. The result was a sanction of 43,000 euros to the commercial companies Comunicacions dels Ports, Kriol Produccions and Canal Maestrat for agreeing prices for a contest of correspondents of À Punt. The first one is managed by Francis Puig and the next two for the Adell Bover. In March 2019 they talked about this issue:

– Juan Adell Bover: I have given Ruse {I Juanita} the two loans from the Valencian Institute of Finance so that they can look at the conditions. I have passed the SME and the Cultural / Creative. I have also given you the Afín website (Afín SGR) for you to look at. I understand that if the IVF already gives you financing without guarantee is personal. Why do you need an endorsement from Afín? Would it be to go to another institution to ask for money in better conditions and with the related endorsement? Do I ask for time to speak?

– Francis Puig: Ask if you have to make an appointment or you can go directly.

– Juan Adell Bover: Ok.

Four days later, the meeting was already scheduled:

– Francis Puig: Do we have a specific time for Thursday with the IVF?

– Juan Adell Bover: At 10.

– Francis Puig: Ok.

The meeting, indeed, took place between the protagonists of the conversation and the Valencian public bank to request that loan in favor of Enrique Adell’s company – later denied. Something that shows interconnected that are all these mercantile for the relationship of those responsible despite the fact that they do not share managerial positions in each of the firms.

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