The unfortunate real estate business of the minister of Social Security

José Luis Escrivá, the next minister of Social Security, has one of the curriculum highlights of the Government. All the parties recognize his merits to the fro

The unfortunate real estate business of the minister of Social Security

José Luis Escrivá, the next minister of Social Security, has one of the curriculum highlights of the Government. All the parties recognize his merits to the front of the body to ensure the sustainability of the public accounts. But in his record business does not always go so well. He was vice president of a real estate company, Courbasa, between 1992 and 2003. The treasury claimed unpaid VAT to this society and the own Escrivá was sentenced to pay 85.700 eur. Sources close to Escrivá to ensure that this never participated in the management nor "had economic interest or estate", and the differences with Finance were mere "differences of interpretation". The society was the protagonist, because without Escrivá, for leaving without housing for years to a hundred of neighbors of Madrid.

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In 1992, josemaría Escrivá was appointed vice chairman of the firm on behalf of his mother, which had 9% of the shares. The firm managed the remodeling of an area of 34 hectares in the district of Tetuan (Madrid). The city Council had just approved a development plan, and the owners of the land decided to form a board of compensation and assign its rights to Courbasa. Sources close to the project recall that Courbasa had to pay more for the rights to prevent the arrival of investors who wanted to speculate with them.

Problems of the company with VAT

Courbasa he mortgaged the land for 39 million, and soon began to encounter problems. Sources close to Escrivá to ensure that he never participated in the management, and insist that he was hurt by the management. In October 2001, the Agency opened a case on the grounds of irregularities in the VAT between 1996 and 1999, considering that the transfer of the land was a swap that tribute to a guy "of 16% instead of 8%", according to the figure in the annual accounts and has advance Information. Several councillors turned to the courts and achieved a reduction of the sanction.

At the end of 2002, the holders of Courbasa sell their shares to one of the partners, Bernard Martin, 47.119 euros. At that time, the society was almost broken: it had own funds of 2.5 million, assets of over 30 million and a debt of 27.5 million. The city Council delayed the permissions and the capital consumed. Courbasa, without Escrivá, was sold to Somersen and broke after a financial operation irregular. The case would end up in the courts. The mother of José Luis Escrivá presented in 2005 a criminal complaint against Somersen for the scam. The complaint is still pending trial.

Updated Date: 12 January 2020, 01:00

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