A businessman faces more than four years in prison for an alleged offence of aggravated fraud or, failing that, embezzlement
A businessman sits in the dock next week – from Monday, September 23 to Wednesday, September 25 – accused in the judgement of a crime of scam aggravated or, failing that, embezzlement, committed against the School of the Médicos de Valencia, who lent him money.
The prosecution is initially requesting a four and a half year prison sentence and the payment of a fine against the defendant, as reported by sources from the High Court of Justice of the Valencian Community (TSJCV).
The prosecution claims he committed fraud 477,500 euros in March 2014 at the college, which had given him four checks as a ready with interest at 9%.
These funds were to be allocated, according to the agreement between the two parties, to an operation of investment in a building from Pelayo Street Barcelonaproperty of another company that was supposed to be rehabilitated to house a hotel.
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