Fraudster sells prince's mansions in EUR 6.7m con
12 April 2005, BARCELONA - Three people have been arrested for allegedly defrauding the Saudi royal household of more than EUR 6.7 million.
12 April 2005
BARCELONA - Three people have been arrested for allegedly defrauding the Saudi royal household of more than EUR 6.7 million.
The fraud centred on the sale of two mansions, two castles and two woods nearby, which were owned by a Saudi prince who died in 1993.
His family has claimed that the property was illegally sold on after his death.
The cash from the sale of these luxury properties was used to buy other mansions for the alleged fraudster and his family.
The man at the centre of the fraud is an 80-year-old named only as Augustin G.H., his wife Maria Antonia R.T., 55, and Augustin G.R. who is 20. Their full names have not been released.
They are accused of fraud and making false documents.
The arrests were made on 7 April, but police only released details on Tuesday.
The mansions are in the Avenida Pearson, the most sought-after road in Barcelona which is in an area called Pedralbes.
[Copyright EFE with Expatica]
Subject: Spanish news