Five injured in Canary Island Hotel gas explosion

 

Five people have been injured, four of them seriously in a gas explosion in a hotel in Gran Canaria. The propane gas escaped during transfer of the gas from a tanker to the Hotel Cordial on the Playa de Mogán and caused an explosion which led to a fire. Five people were affected by burns, four of them are reported to be in a very serious condition, according to the emergency services coordination centre. Four of the injured are workers from the hotel and the fifth is a foreign tourist. The driver of the gas tanker escaped unhurt as he was on the other side of the tanker when the explosion happened. 1,000 tourists were evacuated from the hotel after the blast. They will be allowed back after fire experts have inspected the building. The emergency services were alerted just after 9am on Wednesday, and they immediately sent a medical helicopter, five ambulances and a rapid intervention vehicle to the scene.

The Real Threat Facing Spanish Lenders

 

While Europe’s sovereign debt crisis grabs all the headlines, distressed real estate may pose a bigger threat to the Spanish banking system. The country’s lenders hold about £30 billion ($41 billion) of unfinished homes and land that’s “unsellable,” according to Pablo Cantos, managing partner of MaC Group in Madrid. MaC Group is a risk adviser to several leading Spanish banks. “I’m really worried about the small and medium-size banks whose business is 100 percent in Spain and based on real estate growth,” says Cantos. He adds that only bigger, more diversified lenders such as Banco Santander (STD), Banco Bilbao Vizcaya Argentaria (BBVA), La Caixa, and Bankia are strong enough to survive their real estate losses: “I foresee Spain will be left with just four large banks.” Spain’s central bank tightened rules last year to force lenders to set aside more reserves against property seized in exchange for unpaid debts and is pressing them to sell assets rather than wait for the market to recover from its four-year decline. Yet unloading the real estate may be difficult or impossible. Bank-owned land “in the middle of nowhere” and unfinished residential units will take as long as 40 years to sell, Cantos predicts. Fernando Rodríguez de Acuña Martínez, a consultant at Madrid-based adviser RR de Acuña & Asociados, has a more dire view. About 43 percent of unsold new homes are in exurbs far from city centers, he says, and “if you take into account population growth for these areas, there’s no demand for them. Not now or in 10 years.” Dozens of Spanish banks have failed or been absorbed since the economic crisis ended a debt-fueled property boom in 2008. The cost to taxpayers of cleaning up the industry’s books has come to £17.7 billion so far. Banks may face increased pressure following Nov. 20 national elections that propelled the conservative People’s Party to power. Its leader, Mariano Rajoy, has said the “cleanup and restructuring” of the banking system is his top priority. “Stricter provisioning rules for land need to be implemented,” says Luis de Guindos, director of PricewaterhouseCoopers and IE Business School Center for Finance. De Guindos has been named by newspapers as a contender for finance minister in a Rajoy government. “Many banks will be able to deal with it, but others won’t.” Idealista, Spain’s largest real estate website, currently advertises 45,912 bank-owned homes there, up from 29,334 in November 2010. In 2008 it didn’t list any. Spanish home prices have fallen 28 percent, on average, from their peak in April 2007, according to a Nov. 2 joint report by Fotocasa.es, a real estate website, and the IESE Business School. Land values fell 33 percent nationwide. Fernando Acuña Ruiz, managing partner of Taurus Iberica Asset Management, a Spanish mortgage servicer, expects the slide in home prices to continue. “Spain has 1 million new homes that won’t be completely absorbed by the market until the middle of 2017,” he says. “Prices will fall a further 15 percent to 20 percent in the next two to three years.” Banks are reluctant to acknowledge the size of the declines. There is an “enormous” gap between prices offered by lenders and what investors are willing to pay, preventing sales of large property portfolios, MaC Group’s Cantos says. He estimates that prime assets can be sold at a 30 percent discount, while portfolios comprising land, residential, and commercial real estate may sell only after 70 percent discounts. “Therein lies the problem,” he says. “Banks have already provisioned for a 30 percent loss, but if you are selling at 70 percent discount, you have to take another 40 percent loss. Which small and medium-size banks can take such a hit?”

Don't just book it, Thomas Cook it. So runs the slogan. Would you

 

Don't just book it, Thomas Cook it. So runs the slogan. Would you? Here's interim (that's reassuring) chief executive Sam Weihagen doing his safe-as-houses routine: "It's business as usual. We are trading within all our covenants. We have all the protection in place like any other travel company, and customers should not worry at all." Well, not quite like any other travel company. Thomas Cook of course holds an Air Travel Organisers' Licence from the Civil Aviation Authority which means customers should get their money back in the event of calamity. But the simple fear of being stranded a week after passengers of Austria's Comtel Air had to bribe pilots with £20,000 just to return to Birmingham is bound to unsettle would-be customers. There's a circle at work here and it is vicious. Given the choice between a similarly priced holiday with Thomas Cook or, say, Thomson, why would you risk the former? To counteract this, Thomas Cook might have to slash prices. That will eat into margins, cut profits and put banking covenants at risk. It might very quickly find it needs to borrow even more money. The company insists: "This is a robust business that has a strong future". We'll see.

Thomas Cook is running low on cash and has begun talks with its banks

Thomas Cook planes parked at Munich airport last year. Photograph: Alexander Hassenstein/Getty Images

Thomas Cook is running low on cash and has begun talks with its banks, in an effort to increase its borrowings to tide it over the slow Christmas season.

Shares in the tour operator fell by more than three quarters on Tuesday morning after it admitted that trading has "deteriorated" in recent months. It is now seeking to borrow more in the short term, and has postponed the publication of its financial results until the talks are concluded.

Shares in the company, which abruptly lost its chief executive three months ago, tumbled by more than 75% to 9.3p at one stage.

Tour operators tend to run low on cash in the slower winter months, but even so, the news stunned the City. Only last month, Thomas Cook said it had agreed a further £100m in short-term funding from its banks explicitly for the winter lull.

A spokeswoman said that discussions with banks were merely a "prudent" and "pro-active" move. Thomas Cook still has cash in the bank, she said, but wants to be prepared for any unexpected shocks over Christmas. All customer orders are protected by the ATOL protection scheme and equivalent programmes, she added. "Thomas Cook still has cash on the balance sheet, but because conditions have deteriorated further [since October], particularly around trading, some of that extra funding has been used up. Thomas Cook feels it needs more headroom to be prudent," she said.

Interim CEO Sam Weihagen added: "It's business as usual. We are trading within all out business, and financial, covenants, we have all the protection in place like any other travel company, and customers should not worry at all."

The company is seeking roughly £100m more in its latest talks. It made the decision to renew talks with banks on financing after realising the scale of the recent downturn in an internal trading update meeting yesterday.

Police on the Costa del Sol were yesterday hunting a gang who stole £1million of cocaine from a warehouse where authorities held seized drugs before destroying them.

Police on the Costa del Sol were yesterday hunting a gang who stole £1million of cocaine from a warehouse where authorities held seized drugs before destroying them.

The thieves used laser equipment to cut through the metal doors of the store in the docks at Malaga, the capital of the southern Spanish holiday coast. 

They struck when there were no security guards on duty and  it had been left to the paramilitary Civil Guard to watch the building.

The drugs were being stored in a warehouse in Malaga when the thieves struck

 

Drugs seized by police and customs are stored there for tests to be carried-out before the courts issue orders to destroy them.

Prison for man who left €5,000 bill at Marbella hotel

 

A MAN has been sentenced to a year in prison for failing to pay a bill of more than €5,438 at a luxury Marbella hotel. He had been staying at the Marbella Club on the Golden Mile for a week in September 2003 and during the stay, used different services which amounted to €5,438, which he left without paying. The hotel made a formal complaint but the trial wasn’t held until this year mainly due to difficulties locating the man. He admitted that he has stayed at the hotel but had refused to pay the bill because he thought it excessive for the services he had received. His lawyer maintained that he attempted to reach an agreement with the hotel, which the manager claims that he had shown no intention of paying, and that until the day of the trial, when he handed in €3,349, he hadn’t received any money from him. The judge considered that the man had intended to commit fraud and he was sentenced to two years in prison and the payment of the bill plus interests. He appealed, and Malaga Provincial Court, although maintaining that he intended to commit fraud, reduced the sentence by one year because he had attempted to repair some of the damage by bringing a large part of the money he owed to the trial to give to the hotel.

shiny Audis and BMWs that still line the narrow streets of Benalup are a reminder that this Andalucían country town once boasted the greatest number of luxury cars per head in the south-western province of Cádiz.

 Photograph: Tracey Fahy /Alamy

The shiny Audis and BMWs that still line the narrow streets of Benalup are a reminder that this Andalucían country town once boasted the greatest number of luxury cars per head in the south-western province of Cádiz.

These days this charming place, set bull-rearing countryside inland from Gibraltar, holds a different kind of record: not only the worst unemployment rate in the country, but the worst in Europe.

"I don't know whether they can fix this," said 19-year-old Juan Carlos Gutiérrez, one of hundreds of young people who dropped out of school and now drift between part-time work, training courses and the dole queue. "I've picked asparagus and worked in a packing factory, but the jobs never last. The future is screwed."

"Everyone our age is out of work," agreed Nora Pérez, 22, as she waited for the hearse bringing her grandmother to her funeral in the picturesque square of Our Lady of Perpetual Help. "My father went to Germany when he was young. Our generation may emigrate as well. Some of my friends have already left."

A grey-bearded, bespectacled man grins from a campaign poster overlooking the tiny ornamental gardens and bandstand on San Juan Street and calls on the people of Benalup to "sign up to change". He is Mariano Rajoy, the conservative People's party (PP) leader set to become Spain's prime minister at the general election on Sunday.

Rajoy will inherit a country in crisis. Growth is zero and unemployment has hit 23%. In Cádiz province, one in three is jobless. In Benalup 1,500 adults are without work. In a country where 46% of the under-25s cannot find employment, Benalup's unqualified youngsters are getting desperate.

"Many got into debt when times were good, buying houses and cars and starting families," says Ricardo Jiménez, who runs the local branch of the Catholic charity Caritas. "Families are very close and help one another out, but we already help 80 families and more come every month. Some are asking for help to feed their babies," he said. That means almost 5% of the town needs church handouts.

Others are handed money by the town hall or given whatever jobs local politicians can invent. "If we have to dig a ditch we do it by hand, rather than with a digger, because that way we employ more people," said councillor Manuel Moguel.

When Luis Moreno, 23, left school five years ago there was no need to worry about finding a job. All you had to do was walk on to a building site. "It was very simple," he says.

Now he receives €526 (£450) a month to attend a training course designed to turn a dozen locals into graphic designers, though design jobs are not plentiful in Benalup. "We have to learn new skills," he says. He is one of the lucky ones. Courses like this are heavily oversubscribed.

As markets demand ever higher interest payments for lending Spain money, and the European Union instructs its politicians to slash its deficit, public money is drying up. Yields on Spanish debt have now overtaken Italy's and soared to the same levels at which Greece and Portugal needed to be bailed out. And if Spain – a much larger economy – fails, then it may bring down the euro.

Spain's biggest problem remains the money owed to banks for property or land bought during a decade-long boom fuelled by cheap credit. The rows of unsold new homes in Benalup are evidence of Spain's housing bubble, which burst in 2008, leaving 700,000 unsold new houses on the market.

By 2004, more than 80% of Benalup's labour force worked in construction, building homes or holiday apartments along the nearby Mediterranean coast.

"Kids left school at 16 because they could earn €3,000 a month working a three-and-a-half-day week," says Moguel. "I had university-trained engineers working in my company who were earning less than that."

As money poured into people's pockets, the number of banks in town doubled. La Caixa, a newly arrived savings bank, started a local lending war – its manager winning awards. "Kids were buying houses and cars with the loans. And those who already had a house bought another one," says Moguel.

Now the town is plastered with "For Sale" signs from Servihabitat, the real estate branch of La Caixa, which is repossessing properties – though owners must still pay off their full debt after homes have been taken away. "That's unfair. You can't have a bank saying your home is worth €180,000, lending you the money and then repossessing it at half that price," says Moguel, a Socialist. He is uncomfortably aware that Spain's torrid affair with speculative capitalism happened largely on the watch of the Socialist government led by outgoing prime minister José Luis Rodríguez Zapatero.

Even in Benalup, where the Socialists once won 90% of the vote and which still remembers the bloody suppression of an uprising by local anarchists in the 1930s, the vote is now sliding to the right. "It used to be tough in this town to be from the People's party, but we won 43% of the vote at municipal elections in May," says Vicente Peña, a 40-year-old veterinarian who heads the party's local branch.

Peña delivers the same diagnosis of Benalup's ills as his Socialist opponents. "Too many people dropped out of school to become bricklayers. They can't even write a sentence properly."

Vicente Ruiz, owner of the El Buyí bar, will vote for Rajoy. "When Caritas is the biggest employer in town, things are really bad," he says. "It is shameful to have to ask for charity. What we need is a Mrs Thatcher."

Public money is being spent on silly projects, clients in his bar agree. "I've had 60-year-old women coming to bricklaying courses," says one, Nicolás. "It is ridiculous, but they each get their own overalls and hammer."

Peña says that, among other things, people will have to go back to the land. But even there things are going badly. Local horses, bred at stud farms set up as a trophy hobby by nouveau riche local builders, are now being sacrificed for meat and exported to dinner tables in northern Spain.

Pura Raza Española ponies are going for €150. Even fighting bulls are on the decline. "Town halls subsidised many bullfights," says rancher Salvador Gaviria. "But now they have no money, so the market is sinking." The number of bullfights across Spain has fallen by a third as a result.

Benalup is too far inland from the beach to attract tourists. A golf resort set up by a Belgian company, Fairplay, is said to be struggling. The Hotel Utopia, a boutique-style establishment that opened recently, was almost empty this week.

Spaniards hope Rajoy, who has been deliberately ambiguous about his austerity programme and liberal reform plans, can fix their problems. "If changing to Rajoy is going to solve everything, then why haven't the markets – which know he is going to win — shown they trust him?" asks Moguel.

Rajoy will come under immediate pressure to reveal how he plans to square a budget that needs some €41bn of savings next year. Those must come on top of austerity measures already imposed by Zapatero, who cut civil service pay and froze pensions.

Alberto Ruíz Gallardón, PP mayor of Madrid and a probable minister, has called on the socialists to hand over power quickly. "It could be dangerous to prolong the caretaker period," he says.

But parliament does not meet again until 13 December and it may take another fortnight to appoint Rajoy formally. Even if he takes over immediately, jobs are unlikely to reappear in Benalup.

Fortunately it retains the Cádiz tradition of laughing at adversity. Benalup's carnival musical groups are already practising the typicalchirigota songs that parody the powerful. Rajoy, Angela Merkel and the European Central Bank can all expect to feature in them by the time carnival comes around in February.

British bonds win 'safe haven' tag in eurozone debt storm

 

British government bonds are attracting strong support, in sharp contrast to their troubled eurozone peers as investors seek a safehaven from a debt crisis now spreading to Italy, Spain and even France. British government bonds, or gilts as they are known, are in huge demand largely because the Bank of England is buying them up with newly-created money that it hopes can in turn be used to stimulate an anaemic economic recovery, analysts say. But investors are also reassured by the British coalition government's determined efforts to slash state debt and avoid the severe troubles that have snared the crisis-hit eurozone trio of Greece, Ireland and Portugal.

TWO MILLION EUROS CLAIMED AFTER CANCELLED STONES CONCERT

The PP mayor of El Ejido in Almería, Francisco Góngora, has criticized the "negligence" of the former government team and announced that the city council are to begin legal proceedings against the promotions company who were to stage a concert by the Rolling Stones in 2006.

Following the findings of "many irregularities" in the case, the council are now seeking to claim a total of 2,251,000€, which they feel they are owed, in view of the cancellation.

The announcement was made at a press conference in which Francisco Góngora claimed that there was a “contractual obligation” by the promoter to ensure that the concert went ahead and that even if the company were insolvent, then they would seek recompense from the individuals responsible for the incomplete commitment made to the previous government team.

Information indicates that there was a contractual clause that stipulated that insurance must be provided that should the concert be cancelled, then the promoter would be able to repay any money owed, in full, through an insurance claim. It is believed that this insurance was never provided.

Although some money is said to have been returned, it was only about half of the 4.176 million euro that the city had paid for the organisation of the concert.

There also appears to be a lack of information as to where the money actually went and who might be accountable for the cash given to the company by the council. There have also been allegations made that this whole case could be part of a much wider campaign of both political and corporate corruption.

Now, reviewing the clauses of the original contract, it has been found that the rights to claim the money back would expire after 15 years.

Góngora, also stated that there were economic losses of 2.6 million euro recorded after the second concert by the Rolling Stones in El Ejido held in 2007, which were due to "mismanagement" whereas the projected ticket sales were calculated at 60,000 attendees, but only 20,000 tickets were actually sold.

Referring to the award of the second contract by the previous council, Góngora  stated that "despite the failed previous contract they rehired the same company for four million euro of which they did not deduct anything owed," continuing that he considered the failings to be down to the complacency of the previous PSOE government.

The Ministry of Interior for Andalusia had already imposed a 60,150 euro fine on the organisers for breaching the rules on show cancellations in failing to return ticket money within the maximum four days which is set out by the governing body. In actual fact, it took several weeks for the organisers to return the money raised on the 50,500 tickets sold for the cancelled concert.

SIX people have been arrested for their involvement with a gang which stole jewellery from elderly people

 

SIX people have been arrested for their involvement with a gang which stole jewellery from elderly people. They are believed to be responsible for more than 120 robberies in 19 provinces throughout Spain, including Almeria, where some of the members were based. Around 450 pieces of jewellery have been recovered and will be exhibited at the Almeria Guardia Civil station for owners to identify. The way they operated was by one of them asking people over the age of 65 for directions to distract them while taking their belongings, or in other cases, they would offer to sell them cheap jewellery which they put on them while removing the valuable items they were wearing. They travelled in high-range vehicles all over Spain and chose small towns, isolated areas, and locations surrounding homes or centres for the elderly. On some occasions if the victim resisted, they would take the jewellery by force and had knocked down some of the victims.

ONE of Europe’s most powerful hashish smugglers was arrested in Estepona

 

ONE of Europe’s most powerful hashish smugglers was arrested in Estepona, National Police said. The arrest of the 33-year-old man was part of an operation against drug traffickers based in Huelva in which more than 3,620 kilos of hashish were seized from a pneumatic boat at a shipyard in Isla Christina, Huelva. The two men on board were dressed as Guardia Civil officers so as not to arouse suspicion. They were arrested along with eight others. The criminal organization smuggled drugs to Spain via Malaga and Huelva from Morocco. Two days later, National Police the leader of the organization, who had a prison order against him from 2010 for drug-related crimes, was arrested in Estepona. He is considered by police to be one of Europe’s most powerful drug barons. In the operation, police seized 100 mobile phones, documents, three computers, four vehicles, a jet-ski, a motorbike, two satellite phones, six GPS devices and €27,000 in cash. The documents led to the arrest last month of a Guardia Civil officer who allegedly provided the gang with information on vehicles and their owners.

The World Bank today approved $297 million in loans to Morocco to help finance the Ouarzazate Concentrated Solar Power Plant Project

The World Bank today approved $297 million in loans to Morocco to help finance the Ouarzazate Concentrated Solar Power Plant Project, taking a historic step toward realizing one of the first large-scale plants of this kind in North Africa to exploit the region's vast solar energy resources. With this approval from the Bank's Board of Executive Directors, Morocco takes the lead with the first project in the low-carbon development plan under the ambitious Middle East and North Africa Concentrated Solar Power (CSP) Scale-up Program. A $200 million loan will be provided by the International Bank for Reconstruction and Development, the part of the Bank that lends to developing country governments, and another $97 million loan will come from the Clean Technology Fund. "The World Bank is proud to provide the financing needed to make this large-scale renewable energy investment possible," said World Bank Group President Robert B. Zoellick. "Ouarzazate demonstrates Morocco's commitment to low-carbon growth and could demonstrate the enormous potential of solar power in the Middle East and North Africa. During a time of transformation in North Africa, this solar project could advance the potential of the technology, create many new jobs across the region, assist the European Union to meet its low-carbon energy targets, and deepen economic and energy integration in the Mediterranean. That's a multiple winner." The 500 megawatt (MW) Ouarzazate solar complex, as the first power site, will be among the largest CSP plants in the world and is an important step in Morocco's national plan to deploy 2000 MW of solar power generation capacity by 2020. The World Bank has supported Morocco's national Solar Power Plan since it was launched in 2009 and is now making this significant loan to co-finance the development and construction of the Ouarzazate Project Phase 1 parabolic trough plant through a Public Private Partnership between the Moroccan Agency for Solar Energy (MASEN) and a private partner. Ouarzazate Phase 1 will involve the first 160 MW and will help Morocco avoid 240,000 tons of CO2 equivalent a year. The Ouarzazate project will also contribute to Morocco's objectives of energy security, job creation, and energy exports. As a regional frontrunner in clean energy, Morocco is rising to the challenge of its international commitments made in the last two United Nations' climate summits and under the "Union for the Mediterranean." "The Ouarzazate first phase is a key milestone for the success of the Moroccan solar program," said Mustapha Bakkoury, President of MASEN. "While answering both energy and environmental concerns, it provides a strong opportunity for green growth, green job creation, and increased regional market integration. It will pave the way for the positive implementation of the regional initiatives sharing the same vision (Mediterranean Solar Plan, Desertec Industry Initiative, Medgrid, World Bank Arab World Initiative). The support of international financial institutions, like the World Bank, through development financing but also climate change dedicated financing, is essential to help bring the overall scheme to economic viability," added Bakkoury. Relevant Links North Africa Aid and Assistance Morocco International Organisations Energy Environment The Ouarzazate loan is in line with the World Bank's commitment to scaling up funding that helps developing countries cope with climate change and embark on a low-emission development path. The World Bank Group's renewable energy portfolio increased from a total of $3.1 billion between fiscal years 2008-09 to $4.9 billion in 2010-11. Given the simultaneous expansion of the overall energy portfolio during the same period, the renewable energy proportion rose from 20 percent to 23 percent. About the project: The World Bank, the Clean Technology Fund, the African Development Bank, the European Investment Bank, the Agence Française de Développement, European Union Neighborhood Investment Facility, and the Kreditanstalt fur Wiederaufbau are working with MASEN and a competitively selected private partner to implement Ouarzazate I.

FIVE members of a British family have been arrested for stealing 156,700 litres of diesel oil from a Malaga pipeline.

 

FIVE members of a British family have been arrested for stealing 156,700 litres of diesel oil from a Malaga pipeline. The highly-organised team are alleged to have used their plumbing knowledge to puncture the pipe and set up hidden hoses leading to their rented finca in nearby Campanillas. In early October oil company CLH noticed a drop in pressure in the pipe supplying Malaga airport and filed a complaint with the Guardia Civil, who immediately launched operation ‘Rudolf 2011’ to catch the thieves. Police located the leak and discovered a hut hiding the extracting devices. They traced the pipes to the Campanillas house where they arrested a man who was controlling the device. They also discovered a 500-litre capacity van connected to the supply with a hose. Later they arrested four more members of the family of thieves, who it is thought planned to sell the fuel on illegally. The Guardia Civil have said this is the first case of its kind in Andalucia. Rudolf 2011 will now investigate whether the group is part of a larger criminal organisation. Worryingly, much of the oil had leaked onto the ground through holes in the clandestine system, which was made using a high-pressure tap and household plumbing equipment.

MOROCCAN man who murdered his girlfriend by stabbing her 15 times on Nerja’s emblematic Balcon de Europa

 

MOROCCAN man who murdered his girlfriend by stabbing her 15 times on Nerja’s emblematic Balcon de Europa has apologised to the victim’s family. Hicham Bellasfer, 32, killed 25-year-old Argentinean Cecila Coria in the Nerja bar where she worked, in September 2008. Coria’s sister Vanessa responded to the apology by calling Bellasfer a ‘scourge on society’ before demanding a long sentence.

Hundreds of kilos of cocaine were stolen from Málaga port

The impounded drugs were taken over the weekend from a warehouse in Málaga port.

Cocaine - Archive Photo EFE

 

Hundreds of kilos of cocaine were stolen from Málaga port last weekend, and some reports speak of as much as 600 kilos.

The drug had been impounded by the courts and the thieves took down the security camera system and forced the locks on the door with a thermal lance to obtain access to the warehouse where it was stored. The store contained drugs from several police operations on the Costa del Sol and from elsewhere in Andalucía.

La Opinion de Málaga reports that the warehouse in the port was top secret, and located just 300m from the Guardia Civil barracks. It could well be the largest ever theft of its type in Spain with the drugs having a street value of 30 million Euro. There was also a large amount of hashish and other substances in the warehouse.

The warehouse is reported to often have been full because of the small capacity of the ovens used to destroy the drugs. It’s security is the responsibility of the National Police, although its understood they had

Suspect for Mazarrón shooting may have escaped from prison

 

The man who was arrested for a fatal shooting in Mazarrón on Sunday night, killing one man and seriously injuring a 16 year old boy, was serving time in prison for another crime when it happened. It’s not yet clear if he was out on a pass from the prison or had escaped and was on the run. The news came from the central government delegate for Murcia, Rafael González, on Tuesday, who said that the un-named suspect, a man from Tarragona, will be assessed by a psychiatrist for any mental health problems. It’s understood that the Civil Guard have found the murder weapon and believe the suspect may have had a second gun. A woman he stayed with at a local hotel just hours before the shooting is also under investigation, as is any connection he may have had with the man he killed. The teenager who was out walking his dog in a local park when he met the suspect by chance remains in a critical condition in hospital with a bullet wound to his head.

Spanish police deal a massive blow to organised crime in Madrid

 

The National Police have announced the successful conclusion of a three-year operation against organised crime in Madrid, against clans of criminals who controlled the city’s nightlife through extortion and for drug dealing. There have been 150 arrests during the various phases of the operation, with 27 million € in cash recovered from the suspects, goods to the value of another 75 million € seized, and 300 kilos of cocaine confiscated by police. A network of companies which were set up to launder the gangs’ proceeds from the drugs they brought into Spain from South America has also been identified. El Mundo newspaper reports that two of the suspects planned to purchase a cargo terminal at the airport in Ciudad Real and use it to smuggle in up to ten tons of cocaine every month. Police aborted the deal just as it was on the point of going through.

ARRESTED 60-year-old, who is originally from Blackpool, but has been living in the Marbella area of Spain

Armed Naval and Gardai personnel with cocaine which was seized from a yacht off the west coast of Ireland

 

A BLACKPOOL man has been arrested for allegedly being part of a £250m international cocaine smuggling racket.

 

Police, acting under orders from the Serious Organised Crime Agency (SOCA) – dubbed Britain’s FBI –swooped in the town to capture John Alan Brooks.

The 60-year-old, who is originally from Blackpool, but has been living in the Marbella area of Spain, was found at an address in Marton.

His arrest comes as part of a major investigation which was launched in 2008 when a 1.5 tonnes shipment of cocaine was seized off the coast of Ireland.

The luxury yacht Dances With Waves was carrying drugs with an estimated value of 300m euros or £250m.

Naval officers boarded her after she got into trouble 170 miles off the south west coast of Ireland.

Brooks is known to have had addresses previously in both the Commonedge Road area of Blackpool and in Lytham and St Annes.

It is believed he was visiting family members in Blackpool when police moved in.

A spokesman for SOCA confirmed: “A man allegedly linked to a plot to smuggle 1.5 tonnes of cocaine into the UK on board the boat Dances with Waves was arrested as part of a Serious Organised Crime Agency investigation.

“John Alan Brooks has been charged with conspiracy to import cocaine.

“He is originally from Blackpool, but has been living in the Benahavis area of Spain,

“He appeared at Birmingham Magistrates Court on Monday. He has been remanded in custody and is due to appear at Birmingham Crown Court this coming Monday.”

The drugs seizure was reportedly the largest in Irish history when it was made in November 2008.

Dances With Waves – a 60ft ocean-going yacht – had set sail from Trinidad and was heading for the UK when it got into difficulties in stormy weather.

It was reported 70 bales of cocaine were on the verge of capsizing when Naval officers moved in.

Authorities were forced to board the ship in “horrendous weather conditions” to prevent evidence being lost in the seven-metre swells.

Experts said although the yacht could travel at high speeds, it was not designed for rough weather.

Under armed guard, the crippled yacht was sailed to Castletownbere, west Cork, where plastic-wrapped bales which filled the hull were unloaded and stacked on the quayside.

n Philip Doo, 52, from Brixham, David Mufford, 44, of Torquay, and Christopher Wiggins, 42, with an address in Spain’s Costa del Sol were arrested on the yacht.

They later pleaded guilty to possession of cocaine with intent to supply.

All received 10-year sentences at Cork Circuit Criminal Court in May 2009

Foreign Office is urging Britons to remember that its services are reserved for people in real difficultly

 

Foreign Office is urging Britons to remember that its services are reserved for people in real difficultly, and not for finding out Prince Charles' shoe size The Foreign Office has issued a reminder to Britons travelling and living abroad that embassies, high commissions and consulates exist to offer assistance to those in real difficultly, and are not 'concierge services'. To demonstrate their point the Foreign Office decided to reveal some of the odd requests they have received over the last six months. One man in Sofia asked if the Consulate would sell his house for him, whilst another rang the Consulate in Sydney to find out what he should pack for his holiday. A lady in Moscow called the embassy complaining about a buzzing noise in her apartment, a caller in Spain wondered the shoe size of Prince Charles, and a man stranded in an airport asked the Foreign Office to contact his dominatrix. With around two million consular inquires every year, the Foreign and Commonwealth Office (FCO) needs to dedicate its time to helping British citizens abroad in the case of hospitalisation, death, arrest, forced marriage and child abduction. Jeremy Browne, Minister for Consular Affairs, said: “It is important that people understand the level of help we can offer. Our priority is to help people in real difficulty abroad and we cannot do this if our time is diverted by people trying to use us as a concierge service. We need to be able to focus primarily on helping victims of serious crimes, supporting people who have been detained or assisting people who have lost a loved one abroad.”  The Foreign Office has recently set up a call centre in Malaga to filter out some of the non-consular inquires from Spain, Portugal, Italy and Andorra, allowing embassy and consulate staff to focus their time on more important issues at hand. So just remember, there are simply some things the Foreign Office cannot help with, and where to get a Christmas lunch in Malaga, the location of the best fishing spots in Greece and meeting pets in customs in Dubai are some of them.

Holiday villa belonging to a Sevilla family was left in a heap of rubble after thieves stole it brick by brick

 

holiday villa belonging to a Sevilla family was left in a heap of rubble after thieves stole it brick by brick. Gloria Moreno had a villa in the urbanization of Boticaria (Sevilla), near a luxury. Now he has nothing. They have stolen the building brick by brick. When the rafters were taken the ceiling came down and what was supposed to be a beautiful holiday home has become a pile of rubble. Her family bought the home ten years ago as a second home in an area that promised to become a luxurious area. He family lives in Sevilla and thought this place could be good to spend weekends and days off. It was close to the pine forests and was a newly established residential area in quiet environment. However, the construction of the urbanization stopped leaving the villa isolated. For a time they had rented it out, but upon the departure of the tenants, it was targeted by vandals and thieves. These could operate at night with peace of mind they would not be seen by anyone. Inside the house began a process of selective demolition. First, they took doors and windows. They also dismantled the mechanism of purification of the pool. On one visit she saw various holes in the roof, dismissing it as pure vandalism. What she did not know was that vandals were trying to determinte the material of the roof beams. When  iron was found they proceeded to disassemble them one by one to take them and sell them as scrap. By removing the beams the roof collapsed leaving only the walls. But there was something else to steal. In one of the last visits the son of the family saw how someonehad been removing bricks one by one, cleaning and stealing them. What was once a beautiful holiday home is now only a heap of rubble and a hazard.

The King of Spain’s son-in-law was at the centre of a corruption storm today as he came under investigation for siphoning off public money.

Inaki Urdangarin - the husband of King Juan Carlos and Queen Sofia's youngest daughter Infanta Cristina - is suspected of misappropriating cash paid into an NGO.

The former handball player now faces a possible interrogation by investigating judge Jose Castro  and risks causing huge embarrassment for the royals.

It is claimed that his non-profit company, Instituto Noos, was given an enormous 2.3million euros (just under £2million) by the Balearic Islands’ regional government to organise two conferences on tourism and sport in 2005 and 2006. 

The judicial investigation is looking into whether the bills for the events were inflated and if the money ended up in private companies run by Urdangarin, who is Duke of Palma, the capital of Majorca.

Urdangarin, 43, left Instituto Noos in 2006, months after the exorbitant sums paid by the Balearic government were revealed by the Socialist Party.

 

 

He said today: 'I cannot comment about on-going judicial proceedings.'

The prosecution claims Urdangarin and his associate Diego Torres created a network of societies with which they diverted public and private funds received by Instituto Noos.

Under suspicion: The former handball star is charged with creating a network of societies into which he diverted private and public funds

Regal scandal: Princess Cristina and Urdangarin (far right) pose with Spain's royal family King Juan Carlos, Queen Sofia, Crown Prince Felipe and wife Princess Letizia and Princess Elena

They are under investigation for document falsification, corruption, fraud and embezzlement, and Torres’s home has been searched.

The Royal Household expressed its 'absolute respect' for the legal decisions and added that it has 'nothing to say at this moment' as this is 'an investigation which must follow its course'.

The Duke and Duchess, who married in 1997, now live in Washington, DC. The couple have four children. 

Urdangarin played in Spain’s national handball team at three Olympic Games, captaining the side for Sydney 2000.

A Romanian man wanted for murder and robbery in Portugal has been arrested in Torre del Mar.

27 year old from Romania escaped to Spain after he was sentenced for the death of a woman who was killed in Portugal in 2005

EFE archive

 


Named by El Mundo newspaper as 27 year old Ioan R., he fled to Spain after a Portuguese court sentenced him to 15 and a half years in prison for the death of a woman in 2005. The victim was smothered to death in her bed during the course of a robbery.

The wanted man was traced to the Axarquía district of Málaga province and was arrested near a bar in Torre del Mar on November 4. He has now been transferred into the custody of the National Court for extradition to Portugal.

Read more: http://www.typicallyspanish.com/news/publish/article_32623.shtml#ixzz1dJgywORG

Nigerian scam case deflates in Málaga

 

Nilo Case has reached court in Málaga, judging the largest ever swindle carried out mostly by Nigerians who sent out letters to try and capture their victims. Under the scam thousands of letters were sent from Málaga around the world, informing their recipients that they had won a prize in the Spanish lottery, and calling for them to pay a management fee so they could receive their winnings. There are 247 known victims of the fraud from Belgium to Australia and in the United States and even the UAE. The network collected 2.98 million € in ‘management fees’, via phone booth businesses on the Costa del Sol. 168 people from 14 countries were accused in the case, but the procedure was deflated somewhat on the first day on Wednesday when 55 of the accused could not be located by the court to serve them with the summons to appear. Of the 113 remaining, plea bargains were established with 87 to give them 23 months and 15 days in jail and a 1,800 fine each. That means that if they have no previous record, they will not have to go to prison, just having to pay the fine. Another group of just 16 refused to accept the plea deal, which implies them admitting their guilt, and they will be called back for the oral hearing of the case which will start on December 15. During the instruction of the case 84 people found to be in Spain illegally were deported back to Nigeria.

The Civil Guard have asked for help from the public in identifying a body

The unidentified man - EFE

The Civil Guard have asked for help from the public in identifying a body which was found floating in the waters of Tarragona Port at the end of October.

The deceased is a man aged between 55 and 65, 1.60 metres tall, with short greying hair and a beard. He was wearing blue Lois jeans when he was found, with a white vest, a blue T-shirt with the words ‘Out One Jeans’, a brown ‘North Face’ fleece, and brown Paredes sports shoes.

His body was found on October 31 and is thought to have been in the water between 10 and 16 hours.

Any member of the public with information on the man’s identity should contact their nearest Civil Guard barracks or call the central Civil Guard emergency number, 062.

Read 

Hundreds of foreign residents could lose their homes after mortgage scam in Spain

 

A group of some twenty foreign residents of the Costa del Sol have denounced a fraud under which they could lose their homes. They have formed a platform to denounce a mortgage fraud which had the objective of getting large amounts of money which was then invested in financial havens such as Luxembourg or the Channel Islands. There were foreign victims, mostly all retired, along the entire Spanish coastline and on the islands, from the Costa del Sol to the Costa Blanca, Baleares and Canaries. The scam was headed by foreign banks and foreign financial advisors, nearly all from Denmark, who had been working for some years in Spain, many without the correct authorisation of the National Commission for Market Values. They told the foreigners purchasing property that they had to get a mortgage as otherwise they would be hit with high Spanish taxes. The sales patter for these inverted mortgages claimed that residents’ homes were in danger from the Spanish taxman, claiming Spain would claim between 70 or 80% in succession tax. In effect the scheme invited the foreigners to defraud the Spanish Hacienda tax authorities. The lawyer representing those affected in Málaga, Antonio Flores, from Lawbird in Marbella, said the victims signed up for ‘predatory mortgages’ which offered the possibility of mortgaging their homes for nearly five years at a value above the level of the official appraisal and investing the money outside Spain, mostly in Luxembourg, in order to obtain a profit which covered their costs and gave them an extra payment. Some 800 contracts for the scheme were taken out between 2004 and 2009, and now the foreigners’ platform on the Costa del Sol is appealing to the National Court that those contracts be declared null and void. The total fraud is estimated at 250 million €. The mortgages were signed in Spain, with Spanish notaries and the investment contracts were signed in offices which the financial agents had in Spain, or in some cases in the client’s home. Nearly all those offices are now closed and the financial agents implicated have abandoned Spain. The clients’ money went on the purchase of currency or bank bonds in operations which soon lost money, leaving many of them now facing the possibility of losing their homes.

Man decapitates his daughter in Girona saying the devil ordered him to kill her

 

Latin American man was arrested at his home in Girona on Thursday morning after telephoning emergency services to say he had killed his two year old daughter. His other daughter, aged six, was found with him at the family home on Calle Oviedo unhurt. She is understood to have been watching television when it happened. Her sister’s decapitated body was found lying on the bed when a medical team arrived at the property with police. The father is reported to have claimed that the devil had ordered him to kill her.

Civil Guard have arrested 18 members of a drugs network which had its main base in Bilbao

Some of the drugs recovered. Photo - Civil Guard

The Civil Guard have arrested 18 members of a drugs network which had its main base in Bilbao and smuggled cocaine into the country from Colombia for sale on the Canary Islands.

They used drug mules to bring the cocaine into Spain on regular flights to Madrid, who were often made to practice before the trip by swallowing capsules containing a similar volume of flour. Once in Spain, the cocaine was cut at their base in Bilbao and sent on to the island of La Palma for distribution.

The suspects are 14 Colombian citizens, three Spaniards and another from Venezuela. They include six couriers, including two who were arrested in Colombia as they were about to board a flight to Spain and another at Lanzarote Airport. This last was found to be carrying more than one kilo of cocaine inside his body.

Eight addresses were searched as part of the operation, when 11 kilos of cocaine, 6 kilos of cannabis and 1.5 kilos of an adulterating substance were seized.

Read more: http://www.typicallyspanish.com/news/publish/article_32647.shtml#ixzz1dJZ9i2Hx

Dogs crap can cost a fortune in Marbella municipality

 

The fine for not picking up dogs crap is raised in Marbella municipality up to 30.000 Euros. Around the street with lovely Marbella apartments, Marbella villas and property Marbella is it full with dog crap. Marbella municipal leaders want to strengthen measures to remove animal waste from the city streets. Therefore it has been assumed increased fines. . A first-time offense will be punishable by between 75 and 500 Euros in fines. Relapses can lead to penalties of up to 2.000 Euros, while cases that are considered particularly serious will be punished with up to 30.000 Euros in fines. The interesting thing about this is how the Marbella municipality is going get any money from the dog owners who miss behaving mostly are poor low class people with no money.

Italian government bonds breached the 7% danger level, HSBC said it had cut its exposure to troubled eurozone countries in Greece, Ireland, Italy, Portugal and Spain

Stuart Gulliver, chief executive of HSBC, warned of "significant headwinds" caused by the eurozone crisis, which has driven its investment banking arm to a loss in Europe.

As yields on Italian government bonds breached the 7% danger level, HSBC said it had cut its exposure to troubled eurozone countries in Greece, Ireland, Italy, Portugal and Spain by $2.7bn (£1.68bn) in the quarter to $5.5bn and took an impairment charge of $171m on its Greek holdings. Its shares fell 5% to 510p.

The $509m loss in the European investment banking arm pushed the entire European operation to a "small loss", compared with profit at the same time last year, as European bond and interest rate trading was impacted by the eurozone crisis.

Some 5,000 jobs have been axed across the group since the first quarter and Gulliver, who used to run the investment bank but has been at the helm since the start of the year, has already unveiled a plan to cut 30,000 roles to save $3.5bn over three years. The "painful" cost-cutting process had begun in Hong Kong just a few days ago, he said.

"The sector faces significant headwinds. The continuing macroeconomic, regulatory and political uncertainty, particularly in Europe, adversely affected our industry's performance in the quarter," Gulliver said. He called on the European Central Bank to buy government and for the bailout fund, the European Financial Stability Facility, to be bolstered, but added there was "no easy solution" to the current crisis. Speaking from Hong Kong, Gulliver said there was feeling in Asia that "this crisis could go terribly wrong".

He said that if the single currency collapsed it could cause a "deep recession" and that were was a "frustration, confusion and a fear factor" about the situation in the markets. A former trader himself, Gulliver said reality was dawning that the European politicians would not take action quickly enough to stop the "panic" in the markets.

He stressed that the exposure to the eurozone was small in the context of a $2.7tn balance sheet. The bank has just been designated as one of the 29 banks in the world that is "too big to fail" - or a globally significant financial institution ("G-Sifi"). While banks in this category will be required to hold more capital, Gulliver stressed HSBC would not be tapping its shareholders for cash.

Across the group, in the third quarter, pre-tax profit rose to $7.1bn from $3.5bn because of a $4.1bn benefit from a fall in the value of its own debt. Stripping this out, profits were down from $4.6bn to $3bn in the quarter and over the nine months were down to $1.43bn from $14.7bn in the same period the year before. On a statutory basis, third quarter profits were $18.6bn, up $4bn on the same period in 2010.

In Europe, the statutory profit before tax in the third quarter was $2.5bn greater than in the third quarter of last year but on an underlying basis the bank conceded it had made "a small loss" compared with the same quarter a year ago. While the European investment banking arm was at a loss, overall it was a profitable although these fell to $5.8bn from $7.5bn in the nine months.

The bank continues to be troubled by its US arm where it is unable to "foreclose" on customers in difficulty because of regulations and where, in September, it was hit by customers stopping paying their mortgages as they realised the bank could do nothing to penalise them.

The bank will not decide until the next 12 to 18 months whether the cost of the bank levy - some $600m this year - and the impact of Independent Commission on Banking, which combined he reckons will cost HSBC some $2.5bn, will be great enough to force the bank to shift its headquarters from London.