Group II of the Economic and Fiscal Crime Unit (UDEF), belonging to the Provincial Brigade of the Judicial Police (BPPJ) of the Superior Police Headquarters of Aragon, has arrested 20 people, six of them in Zaragoza and 14 in Madrid , as alleged perpetrators of crimes of belonging to a criminal group, subsidy fraud, fraud and false documentationfor the management of public loans for companies in which they were part of the Board of Directors for a value of 20 million euros.
On May 10, a police device was established in the provinces of Zaragoza and Madrid to carry out the simultaneous practice of 20 arrests, as well as two entries and registrations in the social headquarters of the agencies, intervening documentation related to the investigation and various computer material, as reported by the Superior Police Headquarters of Aragon.
To carry out this police deploymentthe Zaragoza Money Laundering Group has had the collaboration of agents from the General Police Station of the Judicial Police of the Economic and Fiscal Crime Unit.
We lend Reindus
The proceedings began in the Zaragoza Provincial Prosecutor’s Office, where the corresponding Investigation Procedures were carried out following a complaint made by the Ministry of Industry, Commerce and Tourism, regarding a possible crime of fraud in subsidies due to the non-payment of a 900,000 euro Reindus loanto a company based in the province of Zaragoza.
Subsequently, after an investigation that has lasted for months, new beneficiary companies of public loansand related to two agencies, the main one located in Madrid.
The police investigation has verified that the money from the public loans was not used for the purpose for which they were granted, mainly for business development investments, in some cases being diverted to carry out reforms in their own private homes of those investigated.
To justify the projects that were the subject of public loans before the Ministry of Industry, they had a series of invoices issued by ‘shell companies’that is, without the capacity to carry out the assigned work, neither workers nor real activity.
The leaders of the organization were the representatives of the financial consulting firm located in Madrid, a company specialized in obtaining public grants and loans. However, their contribution fictitious corporate infrastructure to support these projects and benefit from the commissions obtained from public loans.
Those responsible for this consultancy placed at the head of these ‘shell companies’ people you trust who acted as figureheads and they received an economic benefit only for being Directors or Partners of each of these companies.
Su mode of operation
The consultant was in charge of requesting public aid from the Ministry of Industry, and in turn, justified the expense to the ministerial entity itself, establishing a fictitious invoicing between the company receiving the loan and the ‘shell companies’ for old machinery that was already installed in the warehouses of the requesting company.
Public loans granted to companies controlled by the main defendants have also been located. In this case, the beneficiaries, after pay two or three installments of the aidgiving the appearance of solvency to the Ministry of Industry, transferred to related persons and subsequently bankrupt, so the debt contracted with the Public Administrations would never become effective.
20 million fraud
The agents in charge of the investigation have highlighted that it is a criminal group dedicated to Obtaining and justifying subsidies and public loans. The common link has been a consultancy in Madrid and another in Zaragoza, which acted in a coordinated manner.
The total value obtained for obtaining public loans before the Ministry of Industry, Commerce and Tourism has been €20 millionjustifying before the Ministry the expense of the aid obtained with a network of ‘shell companies’ and creating a fictitious billing between them and the merchants benefiting from the loans.