State seizes over 5 million bank accounts

SPAIN (Agencies) The Agencia Tributaria (tax authority) embargoed 3.3 million bank accounts last year to ensure debts to the treasury were paid up. Add to that the accounts stopped by the Social Security administration, and you reach the five million bank accounts that were embargoed in the largest such procedures in the country's history. It is not just bank accounts that have been embargoed either. The list includes boats, cars, homes, salaries and jewelry. Nor is it not only for fiscal debts: many of the embargoed properties were seized for such things as traffic fines or other such unpaid debts.