Monday, May 28, 2007

ROCA PROPERTIES TO BE SOLD

The judge handling the case of corruption at Marbella Town Hall has authorised the sale of a mansion and a hotel belonging to Juan Antonio Roca, the former town planning advisor who is believed to have been behind the massive scandal. Both properties are registered in the name of a company called Condeor, which the authorities consider to be linked to Juan Antonio Roca, but the company's financial situation is poor and the judge has agreed that the Palacio de Saldaña in Madrid can be put on the market for over 15.5 million euros and the hotel, in Los Alcázares in Murcia, can be offered for 26.5 million. At the moment the company is said to be facing 11 court cases which could cost it several million euros, and the judge wants to ensure that the money is available to cover the costs and that its assets do not disappear.

No comments: