The Provincial Court of Murcia The trial against you are accused of defrauding 17.3 million of euros with the overrated valuation of properties located in La Manga del Mar Menor of which buyers financed with 323 mortgages and 78 personal loans.
The provisional conclusions of the indictment indicate that these trading operations were carried out between September 2005 and the same month of 2006 and that the defendants presumably seized this sum, either for themselves or for the companies connected to them.
To this, adds the public ministry, he corresponded the difference between loans granted by a bankfor a total of 67.7 million euros, and the real price of the propertiesfor a total of 46.2 million.
Among the defendants – three Spanish nationals and three other Englishmen – are the director and deputy director of the La Manga bank office who granted the loans to the buyers, most of whom reside in Plymouth (United Kingdom), and those in charge of get borrowers and sellers.
There is also a Spanish lawyer who intervened in the operations as an agent for buyers and attorney for borrowers on open current accounts.
The prosecution asked for five years of imprisonment and a € 3,600 fine for each of the defendantsas well as the joint restitution of the 17.3 million allegedly cheated or improperly allocated.
The two experts who overvalued the properties were also investigated in the judicial proceedings, but, in the end, the prosecutor asked for their dismissal as no suspicious increases in assets were discovered.
The oral hearing will start this Monday at the Fifth Section of the Provincial Court of Murciabased in Cartagena, and will last fifteen sessions.
