Representing a group of the buyers, lawyer Elena Narváez said that between 2003 and 2005 Aifos developed a commercial policy that affected around 700 clients due to the firm’s failure to meet its commitments. “This is the consequence of an illicit means of financing sustained by deceit”, she concluded.
The lawyer reminded the court that the Aifos administrators had confirmed that the money handed over by the buyers had not been put towards the developments in question but had gone into the firm’s general account.
Aifos is currently in administration and faces some 900 legal claims for properties. The owner Jesús Ruiz Casado and three directors also face charges in the Malaya corruption case.
Post a Comment