Featured Spain

Former Venezuelan general with ‘treasure trove’ of intelligence arrested for drug trafficking

Spanish police on Friday arrested Hugo Carvajal, a former head of Venezuelan military intelligence, who Washington believes has a “treasure trove” of details he is willing to share about Venezuelan President Nicolas Maduro. Carvajal, a former general and close ally of the late Venezuelan leader Hugo Chavez, was arrested on… Read More

UK and Spain back new tax rules for Gibraltar

AP—Spain and Britain have reached an agreement that sets out stricter rules for companies and citizens operating from Gibraltar, a British overseas territory which Spain considers a colony. As part of the deal, Gibraltar-based companies will be required to pay taxes in Spain if they conduct most of their… Read More

Former Barcelona president Rosell in handcuffs for trial

AP — Former Barcelona president Sandro Rosell arrived in handcuffs Monday to stand trial on charges of money laundering related to the sale of television rights for matches involving the Brazil national team. Rosell, a former Nike executive in Brazil who presided over Barcelona from 2010-14, has been accused… Read More
7th February 2019
Former Real Madrid manager Jose Mourinho has accepted a one-year prison sentence for defrauding the Spanish state of 3.3 million euros (2.8 million pounds), a Spanish court filing showed on Tuesday, although the Portuguese will not serve any jail time. The filing said the tax ministry and Mourinho’s defence team… Read More
23rd January 2019
Cristiano Ronaldo has reportedly accepted a €18.8m fine and 23-month jail term over tax evasion charges in Spain. The award-winning football player is alleged to have avoided paying tax between 2010 and 2014, in a case centred around image rights deals. Ronaldo is reported to have acknowledged incidents amounting to… Read More
18th January 2019
The ECB has expressed concerns over reports that Spanish bank BBVA (BBVA.MC) hired a former police chief in 2004 to spy on a would-be buyer and some of its officials have discussed it with the bank, a source with knowledge of the situation told Reuters. Another source briefed about the… Read More
8th January 2019
Up to 47 properties and numerous vehicles were seized in a police crackdown on a drug dealers’ network which involved investing drug money in the property market. In a joint operation between police in Spain, Italy, Argentina and Europol, almost 50 suspects were arrested regarding the gang’s activities, which… Read More
20th December 2018
Santander has been fined £32,817,800 after the Financial Conduct Authority (FCA) found it had failed to effectively handle the accounts and investments of deceased customers. According to the regulator, the bank failed to transfer funds totalling over £183m to beneficiaries when it should have done, which directly affected 40,428… Read More
17th December 2018
AP — Spanish prosecutors have charged pop music star Shakira with tax evasion, alleging she failed to pay more than 14.5 million euros ($16.3 million) between 2012 and 2014. The Colombian singer denied the charges. The charges published Friday allege that Shakira listed the Bahamas as her official residence for… Read More
27th November 2018
Authorities have frozen a number of assets linked to a Belgian criminal who used a Spanish restaurant to launder illicit proceeds and then invest the money in real estate. The man, who was part of an organised crime group, had been wanted by Belgian police after allegedly committing over… Read More
26th September 2018
Banco Santander has appointed Andrea Orcel as CEO from early 2019, subject to regulatory approval. He replaces Jose Antonio Alvarez as head of Spain’s biggest bank. The bank said Orcel, who is currently a member of UBS Group’s executive committee, will bring “a wealth of experience and expertise,” having… Read More
19th September 2018
AP — A Spanish court on Tuesday rejected a request to extradite a former HSBC employee to serve a five-year prison sentence in Switzerland, where he was convicted for leaking a massive trove of bank data that led to tax evasion probes worldwide. The ruling was… Read More
13th September 2018
Manchester United manager Jose Mourinho has accepted a one-year prison sentence as part of a deal to settle a Spanish tax evasion case, El Mundo newspaper reported on Tuesday, although he is unlikely to actually serve any jail time. Spanish law states that a sentence of under two years for… Read More