MARBELLA ASSETS SORTED

The new Marbella council will know exactly what belongs to the Town Hall when it takes over from the committee which has been running the town since the Malaya corruption scandal and the dissolution of the council. The committee has spent 13 months trying to discover what Marbella's assets are, and has come up with a total value of 524 million euros although its president, Diego Martín Reyes, believes the true figure is even higher. No list of assets had been drawn up since 1989, and he says this has been a complicated task because in the last 15 years the Town Hall obtained numerous properties as payment for town planning agreements and others were transferred to third parties. Some properties are still embargoed because of debts run up with the Banco de Crédito Local, which was later taken over by BBVA, by former mayor Jesús Gil y Gil.