The manager of a citrus company in Valencia, his two daughters and two other individuals are facing trial for an alleged case of punishable insolvency, with a financial deficit of 50 million euros. The business group, specialized in the production and marketing of citrus fruits, is accused of diverting assets to evade debts and bank loans. The Provincial Court of Valencia has initiated proceedings against the administrator of the Tamarit Export group, following a complaint filed by one of the creditor banks, Ibercaja, for unpaid loans amounting to 1.8 million euros between February and November 2020.
The Public Prosecutor's Office alleges that the accused carried out acts of fictitious dispossession of assets to prevent repaying a loan. The entrepreneur and his eldest daughter, who also managed one of the companies in the group, both have a history of similar crimes. The Prosecutor's Office is requesting a sentence of five years in prison for punishable insolvency, or alternatively, four years if considered a crime of asset stripping. For the other three involved, the request is for three years in prison.
The signing of fictitious loan contracts for the sale of citrus exploitation licenses at half price and with unfeasible repayment terms is also being investigated. This would have served to further hide the accused's assets. Also, the case is linked to another investigation currently underway in Torrent for scams affecting more than 70 producers and amounting to more than 770,000 euros, with victims in various Spanish regions including Castellon, Alicante, Andalusia, Tarragona, and Murcia.
Source: levante-emv.com