Marbella corruption kingpin pays EUR 1m bail

15th April 2008, Comments 0 comments

Bail allowed even as judge admits that the former real estate mogul runs a high risk of jumping bail.

15 April 2008

MALAGA - Former Marbella real estate mogul and businessman Juan Antonio Roca left the Albote Penitentiary in Granada province on Monday afternoon after paying EUR 1 million in bail.

He has been serving a preventive prison term for the past two years, and is still under investigation for illegally amassing a fortune believed to be worth more than EUR 2.4 billion.

Judge Oscar Perez, who is presiding over the case, admitted in a statement that there is "a high probability" that Roca may jump bail, although the suspect himself insisted that his family remains in Spain, making that unlikely.

The 53-year-old arrived in Marbella in the mid-1980s and became a close associate of the late Mayor Jesus Gil y Gil. Roca was involved in an extensive corruption network, which included payment of commissions by construction firms in return for contracts.

[El Pais / Juana Viudez / Expatica]

0 Comments To This Article