Millionaire Briton arrested in Majorca for fraud

21st April 2006, Comments 0 comments

21 April 2006, MAJORCA — Millionaire British businessman Michael Brown was arrested by police at his home in Majorca in connection with an alleged EUR 8 million fraud.

21 April 2006

MAJORCA — Millionaire British businessman Michael Brown was arrested by police at his home in Majorca in connection with an alleged EUR 8 million fraud.

Brown, 40, was detained at his house in the village of Esporlas on Wednesday in connection with 53 charges of forgery relating to a EUR 8 million scam.

Brown is currently en route to Madrid where he will appear before the Audiencia Nacional for an extradition hearing to Britain.

Spanish police confirmed Brown had been arrested.

A major, but controversial donor to the British Liberal Democrats, Brown gave EUR 3.46 million to the party last year.

The British Electoral Commission launched an investigation last year after it emerged that Brown, who was not even registered to vote in the UK, had bankrolled the Liberal Democrats' election campaign.

But the watchdog later found it was "permissible" for the party to have accepted the cash from the financier's Swiss-based company 5th Avenue.

Then party leader Charles Kennedy ordered an internal party inquiry into the controversial donation.

The Glasgow-born tax exile, who claims to be worth more than EUR 8 million, later said he gave the money because he believed in Kennedy's ability as a future prime minister "but not the muppets who purport to serve him".

The British Serious Organised Crime Agency said Brown's arrest was not linked to any investigation by British police.

It is thought to relate to charges levelled against Brown in the United States.

A Liberal Democrat spokesman said: "We are not aware that this has any connection whatsoever with the Liberal Democrats.

"Any further action is a matter for the police and the relevant authorities."

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Subject: Spanish news

 

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