Tuesday, 9 October 2012

Jimena property involved in money laundering scam

Finca La Bordalla
JIMENA The subject burst on the media scene towards the end of last month (since when we have been trying to obtain further information without success). The Guardia Civil had raided the offices of a property investment and management company, Inversiones Patrimoniales P&P, in Algeciras in a spectacular operation against money laundering. The GC entered the offices via a window and removed several computers and documentation that is still being studied. However, it appears that a property in Jimena, the controversial, allegedly illegal Finca La Bordalla (photo) was involved in the money laundering operation. Local witnesses saw numerous GC vehicles heading up to the property about a week ago, where a thorough search was carried out, apparently without result. It is assumed thatYOU WILL BE UNABLE TO READ THE REST OF ARTICLES SUCH AS THIS WITHOUT A SUBSCRIPTION. Info coming soon.drugs or large amounts of drugs were what they were looking for. At the time, the operation resulted in some twenty arrests, but there was very little information then, and even less at present.

Sources close to the operation say that the operation may have significant ramifications on the Costa del Sol, and that a well-known personality who lives on the outskirts of Jimena may be implicated, although he was not under arrest this morning. (We saw him climbing out of his off-road car.)

As for the business concerned as central in the operation, P&P, it came to life in 2011, has a 'single administrator' and capital  of €3,000, the minimum required to set up a company. According to company papers, it's main business is estate management and commerce, management services and 'leisure activities'. One of the estates on its books is the property in Jimena, Finca La Bordalla, which was built by a building company, Marvi, and sold on last year to undisclosed buyers and has been under investigation for 'town planning corruption' for several years.

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