Tuesday 1 July 2008

Nueva Andalucía property fraud trial three British citizens to be given prison sentences of 28 years

Malaga Public Prosecutor is calling for three British citizens to be given prison sentences of 28 years for stealing 5.7 million euros from the sale of properties in a housing development project in Nueva Andalucía. The prosecution says that in October 1988, the developers signed a contract with the real estate company in which the three suspects worked, and that these "pocketed 5.7 million euros paid by the buyers of the properties." This forced the developers to file for bankruptcy in 1990.
The prosecution wants the suspects to serve sentences of eight years each, four years more for one of them who is also accused of fraud. The trial is to begin on Tuesday this week and will continue on the 23rd and 24th of the month.

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