Sunday, 27 November 2011



Foreman, 53, who made his first appearance as bad boy Derek Branning on Thursday, ran up the arrears in a four-year period in which he was declared bankrupt.

He has been repaying the cash at £50 a week but he told magistrates in Bromley, Kent, yesterday he would be able to increase that to £100 because of his soap salary.

He also agreed he would pay extra lump sums if his income increased again in the future.

The actor - son of the reallife former East End villain Freddie Foreman - owes money for his sons Louis, now 22, and Alfie, 20.

He was ordered yesterday to pay £15,750 owed for Alfie to his ex-wife Carol Harrison, who previously appeared in EastEnders as Louise, the mum of barmaid Tiffany.

He was also ordered to pay £1340 for Louis's support between 2006 and 2008. The identity of Louis's mother was not revealed in court.

The Child Support Agency, who took the court action, said the amounts are in addition to an existing debt of £30,000, meaning he owes more than £47,000 in total.

The magistrates heard that Foreman has signed a six-month contract with the BBC.

But his lawyer said he did not know if his character has a long-term future in the soap and he was therefore unsure of his long-term income.

Crispin Hayhoe, for the CSA, said: "Mr Foreman's financial affairs have been in something of a mess.

"But his career is on an up at the moment and his income circumstances have changed significantly.

"This is a matter in which the court has previously said Mr Foreman has been culpably neglectful."

Magistrates' chairman Ivor Barwin agreed to wait until April for another hearing to assess his financial position.

He told the actor: "Your career is going to be in the public eye.

"So if you were to turn up here in April not having made additional payments, the court would be able to say, 'Hang on, this guy has been doing pretty good recently' and that would count against you."

Thursday, 24 November 2011

 

National Police have found more than 550 kilos of cocaine hidden in boxes of ‘top quality bananas’ which were being introduced into Spain via the port in Algeciras. The drugs were hidden in the plastic linings inside the cardboard boxes containing the bananas, found in containers which had come from Ecuador. The drug runners benefitted by the quicker customs procedures for fruit. 11 people have been arrested in Madrid, including the alleged head of the gang. The police investigation started in the middle of last year as a group of Ecuadorian and Colombian men who were planning to send a large amount of cocaine from South America to Spain were uncovered. The members of this gang had top security measures to avoid detection by the Police. Thanks to the methods discovered in that organisation, with the drug hidden in the plastic, it has been possible to make these latest arrests.

 

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.

Tuesday, 22 November 2011

 

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.

 

COPS did not know an East European axe murderer was living in the UK until he caused a killer car crash, a court heard yesterday. Intars Pless, 34, hacked through a friend's throat in his native Latvia, then moved to Britain after he got out of jail. But Lincoln Crown Court heard police can only check a foreign national's record if they break the law here. So Pless's horrific crime came to light only after he drove into moped rider Valentina Planciunene, 37, while over twice the limit. Stuart Lody, prosecuting, told the court: "On the night of Valentine's Day he decided it would be a perfectly good idea to drink a very large quantity of whisky. Surprised "He and a friend spent a considerable period of time drinking whisky and driving around. "During the driving he was possibly drinking whisky as well. An empty whisky bottle was found in the boot of the car. "At the time of the collision he was heavily under the influence of alcohol. His ability to drive would have been severely impaired." Pless was convicted of causing death by dangerous driving after the jury heard he left her dead in the road in Wyberton Fen, Lincs. He was told he faces a long jail term. The judge also called for his deportation.

Thomas Cook
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.

 

Two Chicago police officers accused of committing armed robberies at the will of alleged Latin King members were ordered held without bond Monday. Alex Guerrero, 41, and Antonio C. Martinez Jr., 40, were the ones in handcuffs Monday afternoon, appearing before a federal judge in orange Porter County jumpsuits. The duo were named in a 46-page indictment unsealed Friday that alleges a racketeering conspiracy among fifteen Latin King gang members or associates. Guerrero's attorney, Kevin Milner, fought for his client to be on home detention. He said his clients' parents offered to put up their $175,000 Chicago home for their son's pretrial release. "For Mr. Guerrero to violate his bond, his parents would be on the street homeless," Milner said. "I've known Mr. Guerrero for 15 years. He would rather slit his wrists than do that to his parents." Milner claimed there was no evidence against Guerrero, and that the father of six had no criminal record. According to the indictment, Guerrero and Martinez Jr., committed armed robberies of drug dealers in Illinois and Indiana while in uniform and under the guise of performing legitimate police operations. They allegedly turned over the drugs and money to the Latin Kings in exchange for about $10,000 in kickbacks. Assistant U.S. Attorney David Nozick argued that Guerrero and Martinez were dangers to the community after using Chicago police vehicles, service weapons and uniforms to rob people at gunpoint. Nozick also said Guerrero was a flight risk, as his wife has family in Mexico and he faces up to life in prison.  Magistrate Judge Andrew Rodovich ordered Guerrero held without bond. Milner said they were disappointed with the decision, and that his client would be sitting in jail for at least a year pending trial for a crime he did not commit.  "I don't know who will give him that year back," Milner said. Martinez Jr., did not contest being held pending trial.

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

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.


Monday, 21 November 2011



 

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.



The Scot, who won 13 grands prix and now competes in DTM, is a regular at the annual event.

"This will be my sixth appearance at the Race Of Champions," he said. “It’s a totally unique event and it’s a pleasure to take part.

"Every year there is very exciting racing, and for the fans there’s nothing quite like being able to see the whole track. I’ve come pretty close to winning it in the past so I’ll dust off my helmet again and see what happens this time.

"But win or lose it’s always a bit of fun to end the season.”

ROC race organiser Fredrik Johnsson said: “David has been a regular competitor at the Race Of Champions down the years, and he’s a great character.

"He’s the kind of person who’s not only quick on the track but also a big hit with the fans, and that’s one of the things that makes the event great. We look forward to watching him prove he can still mix it with the best next month.”

Coulthard took the Red Bull F1 team’s first ever podium at Monaco in 2006, helping set them off on their current run of success. He finished in the top three in the drivers' standings on five occasions.

Red Bull's current double world champion Sebastian Vettel is featuring at the event, alongside fellow F1 title winners Michael Schumacher and Jenson Button.

The Race Of Champions is an annual end-of-season competition that brings together the world’s greatest drivers from a variety of motorsport disciplines – including F1, world rally, touring cars, Le Mans and the X-Games – and sees them battle head-to-head in identical machinery on a specially constructed parallel track.

On the day after the Nations Cup some of the drivers then compete in the individual Race Of Champions.

ROC vehicle list:

Audi R8 LMS, Skoda Fabia Super 2000, VW Scirocco Cup, KTM X-Bow, ROC car, RX-150, World Touring Racecar

Drivers confirmed:

Sebastian Vettel, 2010 and 2011 F1 world champion

Michael Schumacher, seven-times F1 champion

Jenson Button, 2009 F1 champion

David Coulthard, winner of 13 F1 grands prix

Andy Priaulx, three-times World Touring Car champion

Tom Kristensen, eight-times Le Mans 24-Hour race winner

Mattias Ekstrom, DTM star and triple ROC 'champion of champions'

Sebastien Ogier, winner of five WRC rallies in 2011

Romain Grosjean, 2011 GP2 Series champion

Travis Pastrana, four-times Rally America winner and X-Games legend

Martin Tomczyk, 2011 DTM champion

Vitaly Petrov, F1 driver for Lotus Renault GP

Timo Scheider, 2008 and 2009 DTM champion

Timo Glock, F1 driver for Marussia Virgin Racing

Brian Deegan, 13 X-games medals including Rally Cross gold in 2011
Eurosport

Sunday, 20 November 2011

Benalup Street Andalucia Spain
 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.

The council are seeking to claim a total of 2,251,000€

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.

Saturday, 19 November 2011

 

A NEW breed of super-rich is crawling out of the mahogany woodwork in Australia. With the recent mining boom and strengthening dollar, a new report has revealed that more than 2500 individuals are worth at least $US30 million. The report, the first conducted by Sydney-based Wealth-X - which describes itself as a wealth intelligence firm - showed that 2750 Australians earned at least $US30 million (30 of them are billionaires). Wealth-X Australia vice-president Adrian Jenkinson said the number of ultra-high net worth (UHNW) individuals reflected the strength of the resources boom. "A lot of the wealth is a result of the current economic environment ... (especially) around mining and mining-related services," he said. "It's directly linked to the commodities boom." Clive Palmer did not make the cut with the survey valuing him at a paltry $1.27 billion, far below the Sunday Mail Rich List estimate of $6 billion. But Queensland-born Chris Wallin, of QCoal, made 7th position with a net worth of $US3 billion. The top three were Gina Rinehart, with a net worth of $US10.1 billion, Ivan Glasenberg at $US9 billion and Andrew "Twiggy" Forrest $US4.9 billion. Mr Jenkinson said the majority of UHNW individuals had become wealthy for the first time. "Unlike Europe, where you have large pockets of old wealth . . . these are people who are becoming very wealthy for the first time," he said. He said the new generation would retain its newfound wealth through smart banking and investing, but they were still willing to indulge in luxury "playthings". "They're interested in luxury goods - art, watches, boats, planes and helicopters," he said, adding that traditional investments such as property and motor vehicles would always be popular. Mr Jenkinson said Wealth-X had only recently been introduced to Australia but the organisation planned a number of connected studies on the rising number of ultra-rich individuals. He said people would always be interested in the studies, with the public and media constantly fascinated by the ultra-wealthy lifestyle. "They're always interested in what the ultra-wealthy are doing and what they're buying," he said. But he said the survey also helped the wealthy individuals to better connect with each other. "It helps people in the overall investment community understand where the money is," he said.

 

A NEW breed of super-rich is crawling out of the mahogany woodwork in Australia. With the recent mining boom and strengthening dollar, a new report has revealed that more than 2500 individuals are worth at least $US30 million. The report, the first conducted by Sydney-based Wealth-X - which describes itself as a wealth intelligence firm - showed that 2750 Australians earned at least $US30 million (30 of them are billionaires). Wealth-X Australia vice-president Adrian Jenkinson said the number of ultra-high net worth (UHNW) individuals reflected the strength of the resources boom. "A lot of the wealth is a result of the current economic environment ... (especially) around mining and mining-related services," he said. "It's directly linked to the commodities boom." Clive Palmer did not make the cut with the survey valuing him at a paltry $1.27 billion, far below the Sunday Mail Rich List estimate of $6 billion. But Queensland-born Chris Wallin, of QCoal, made 7th position with a net worth of $US3 billion. The top three were Gina Rinehart, with a net worth of $US10.1 billion, Ivan Glasenberg at $US9 billion and Andrew "Twiggy" Forrest $US4.9 billion. Mr Jenkinson said the majority of UHNW individuals had become wealthy for the first time. "Unlike Europe, where you have large pockets of old wealth . . . these are people who are becoming very wealthy for the first time," he said. He said the new generation would retain its newfound wealth through smart banking and investing, but they were still willing to indulge in luxury "playthings". "They're interested in luxury goods - art, watches, boats, planes and helicopters," he said, adding that traditional investments such as property and motor vehicles would always be popular. Mr Jenkinson said Wealth-X had only recently been introduced to Australia but the organisation planned a number of connected studies on the rising number of ultra-rich individuals. He said people would always be interested in the studies, with the public and media constantly fascinated by the ultra-wealthy lifestyle. "They're always interested in what the ultra-wealthy are doing and what they're buying," he said. But he said the survey also helped the wealthy individuals to better connect with each other. "It helps people in the overall investment community understand where the money is," he said.

 

The capital markets would be likely to punish Spain’s new Prime Minister if he respected the traditional pace of forming a new government after the general election on 20 November, according to a number of banking sources interviewed by mergermarket. One banker who takes an overview of the Spanish market said that election front-runner Mariano Rajoy cannot afford to wait until he formally takes over as Prime Minister over the Christmas break before announcing detailed austerity measures. The banker said that Rajoy should break with tradition and announce the members of his new government within a couple of days of the 20 November vote. The banker said that Rajoy should then announce the details of his action plan within a fortnight, after a token consultation with Spain’s trade unions. The banker said that any traditional idea of having 100 days to get up and running is obsolete due to the ongoing chaos in the markets. Meanwhile, an economist who is following the situation said that at the very latest Rajoy will have to announce very aggressive austerity measures in his very first cabinet meeting in the beginning of January. The economist said that the markets will want to see him cutting the deficit, improving credit and liberalizing markets, all at the same time. The banker and the economist, as well as other sources, said that very swift action is needed because bond spreads from peripheral members of the euro zone have soared above German benchmarks on fears that the single currency might not survive its current crisis. Spanish five-year bonds are yielding 5.23% (430 basis points over the German equivalent) and 10-years are yielding 5.96% (415bps over Germany). The European Central Bank (ECB) has been buying bonds in the market. Meanwhile, Greece and Italy have both had to accept technocratic governments to get their debt under control. In a recent debate with Socialist leader Alfredo Perez Rubalcaba, Rajoy said that he will seek to create jobs for Spain’s 5m unemployed through labour market reforms and austerity measures. However, he declined to discuss his plans in detail. By contrast, Rubalcaba called for further stimulus measures to accompany a slower pace of reforms. The latest opinion polls suggest that Rajoy’s Popular Party (PP) continues to be on track to a historical outright majority. Even so, he has said that he will seek the support of minority parties in order to get his agenda through parliament. He is particularly concerned about ballooning debt at the local and regional levels. An adviser who follows Spain’s banks said that Rajoy has “no magic wand,” adding that any cuts to the welfare state or tax raises will prove highly unpopular. Spain’s two main unions have in the past organized general strikes against governments that have tried to push reforms that they have perceived to go against their interests.

 

Spanish banks, under pressure to cut property-backed debt, hold about 30 billion euros ($41 billion) of real estate that’s “unsellable,” according to a risk adviser to Banco Santander SA (SAN) and five other lenders. “I’m really worried about the small- and medium-sized banks whose business is 100 percent in Spain and based on real- estate growth,” Pablo Cantos, managing partner of Madrid-based MaC Group, said in an interview. “I foresee Spain will be left with just four large banks.” Spanish lenders hold 308 billion euros of real estate loans, about half of which are “troubled,” according to the Bank of Spain. The central bank tightened rules last year to force lenders to aside more reserves against property taken onto their books in exchange for unpaid debts, pressing them to sell assets rather than wait for the market to recover from a four- year decline. Land “in the middle of nowhere” and unfinished residential units will take as long as 40 years to sell, Cantos said. Only bigger banks such as Santander, Banco Bilbao Vizcaya Argentaria SA (BBVA), La Caixa and Bankia SA are strong enough to survive their real-estate losses, he said. MaC Group is an adviser on company strategy focused on financial services. The banks will face increased pressure if Mariano Rajoy becomes prime minister as expected after national elections on Nov. 20. The People’s Party leader has said the “clean-up and restructuring” of the banking system is his top priority as he seeks to fuel economic recovery by boosting the credit supply.

Friday, 18 November 2011

 

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.

 

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, 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.

 

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, 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.

 

Spain's likely new centre-right government is studying steps to jump-start a real estate market that has dragged on the economy ever since a decade-long bubble burst almost five years ago. The People's Party, expected to win Sunday's general election by a generous margin, is proposing more tax breaks for home buyers and measures to stimulate the rental market. But experts say a policy on banks' worrying exposure to troubled property assets is also needed.

 

The Bank of Spain is considering paying off billions of euros of debt owed by Caja de Ahorros del Mediterraneo (CAM) in an attempt to secure a sale of the failed Spanish savings bank. The central bank took over the Alicante-based lender in July after CAM, battered by the collapse of the country's real estate boom, failed to find private investors. It injected a total of 5.8 billion euros ($7.8 billion) of state funds into the 135-year-old bank with a view to a sale. Since then, the escalation of the euro zone sovereign debt crisis has put even more strain on Spanish banks' ability to find funding, raising concerns over their ability to meet debt obligations. On Thursday, the focus of the debt crisis shifted back to Spain as the government was forced to pay the highest borrowing costs since 1997 at a sale of 10-year bonds. The Bank of Spain is already considering offering would-be buyers of CAM the carrot of protection against its future losses for ten years through the government's bank restructuring fund, central bank sources have said. Now potential purchasers are pushing the central bank to go further and guarantee a hefty amount of liquidity as well, sources close to the deal said. The central bank is thinking seriously about the buyers' demands, one of the sources said. "The Bank of Spain is prepared to meet the eventual buyer's funding needs to meet CAM's short and medium-term debt obligations," said a source with knowledge of the situation. "The central bank does not want to be left holding this baby. This is not part of its policy or strategy," a Madrid-based investment banker said.

 

Sweden’s first in line to the throne is rumoured to be making an unlikely move to live on the Costa del Sol. A modern-day Edward and Mrs Simpson, Crown Princess Victoria, 34, is rumoured to have bought a stunning four million euro home in Nerja. She and her commoner husband Daniel Westling, 37, are said to have ‘spent a fortune’ renovating the property overlooking the town’s emblematic Balcon de Europa. The four bedroom townhouse, which sits on a cliff above a beach, has its own swimming pool and amazing views. “They are a very private couple but I understand they intend to spend some of the winter months here,” revealed a local shopkeeper. “It will be very good for Nerja,” she added. Meanwhile, local English barber John Morgan explained: “I don’t know if anyone has seen the princess yet, but the house has been finished and I think the valets have been coming in and out getting it ready. “The house is absolutely beautiful, a really massive place in a great spot.” But not everyone is convinced yet that their new neighbours are royalty. “I don’t know anything about a princess. I just know it is a really nice Swedish family moving in,” said an employee at nearby Hotel Carabeo. Victoria fell out with her father after marrying Westling last year.

 

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.

 

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.

Thursday, 17 November 2011

 

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.

Saturday, 12 November 2011

Two former News of the World executives have hit back at their 'disingenuous' former boss James Murdoch as a bitter war of words engulfs the media empire.

The paper's former editor Colin Myler and ex-legal manager Tom Crone claim that they made Mr Murdoch aware of widespread hacking within the organisation as long ago as 2008.

But Mr Murdoch told MPs yesterday he 'disputed vigorously' the claims from Mr Myler and Mr Crone that they revealed the significance of an email indicating the practice was widespread.

The meeting in June 2008 centres on the 'For Neville' email which contained transcripts of hacked messages from the mobile phone of Gordon Taylor, chief executive of the Professional Footballers' Association. This email was apparently intended for chief reporter Neville Thurlbeck.

Coming out fighting: Former News of the World editor Colin Myler
Tom Crone, former legal manager of News International

Coming out fighting: Former News of the World editor Colin Myler, left, and Tom Crone, former legal manager of News International say James Murdoch was told in 2008 about widespread hacking 

 

Denials: News Corp executive James Murdoch protests his innocence to MPs during a second round of questioning in front of the Commons Culture Committee yesterday

Denials: News Corp executive James Murdoch protests his innocence to MPs during a second round of questioning in front of the Commons Culture Committee yesterday

Had Mr Murdoch been fully briefed about the contents of the message it would have been clear to him that hacking was not limited to the single 'rogue' reporter, Clive Goodman, who was jailed in 2007.

Mr Myler and Mr Crone say he knew about the contents of the email. Mr Murdoch says he did not.

After the meeting, a payment of  £425,000 was made to Mr Taylor in return for a confidentiality agreement that prevents him from discussing the matter.

TIMELINE OF THE EVIDENCE

  • Royal reporter Clive Goodman is jailed for hacking in 2007
  • News of the World insists the activity was limited to one 'rogue' reporter
  •  The 'For Neville' email is discussed with James Murdoch at meeting on June 10 2008
  • £425,000 is payed in an out-of-court settlement to PFA boss Gordon Taylor
  • James Murdoch continues to insist hacking was not widespread
  • Further revelations emerge in May 2011 that force the News of the World paper to close
  • Colin Myler and Tom Crone say that Mr Murdoch knew about hacking in 2008
  • Mr Murdoch says he was not told about the full extent of For Neville email
  • Commons Culture Committee chairman John Whittingdale says 'one of them is not telling the truth' 

It is not known how such a significant payment could have been made without the full reasons being known by those at the top of the organisations.

Parliament was later told in July 2009 that hacking was restricted to a single reporter.

Mr Murdoch has repeatedly insisted to MPs that he had no knowledge of hacking.

The bitter row erupted yesterday after Mr Murdoch's bruising second appearance before the House of Commons Culture Committee's inquiry into the scandal.

The 'For Neville' email and the payment to Gordon Taylor were two of the main lines of questioning that MPs used to interrogate Mr Murdoch.

Mr Murdoch insisted he had not learned until recently that the practice of illegally eavesdropping on private phone messages was widely used at the newspaper.

The evidence given to the committee by Mr Crone and Mr Myler in September was 'inconsistent and not right', he said, adding: 'I believe their testimony was misleading and I dispute it.'

Committee chairman John Whittingdale said it was clear that of the two accounts MPs had heard about the June 2008 meeting to discuss settling a legal claim brought by Professional Footballers' Association chief executive Gordon Taylor 'one of them cannot be true'.

Mr Murdoch admitted that he was made aware by Mr Crone and Mr Myler at that meeting of the existence of the 'For Neville' email.

But he insisted he was not shown it or told its full contents or significance.

Mr Watson told the hearing that he had spoken to Mr Thurlbeck, who claimed he was told by Mr Crone that he had shown the email to Mr Murdoch.




 

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. 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.

Friday, 11 November 2011

Eccleston's ex wife spent £12 million on daughter's wedding
Bernie Ecclestone and ex-wife Slavica (left) and Petra with her new husband art dealer James Stunt Photo: REX FEATURES

Mr Ecclestone, who is estimated to be worth about £2.5billion, gave a rare insight into his family’s billionaire lifestyle when he told a German court of the wedding bill.

He explained that he had no idea what the cost was be until after his daughter Petra’s wedding because he had argued with his former wife Slavica Ecclestone over the cost shortly before the ceremony.

He said although he had offered, as the father of the bride, to pay, he had fallen out with Mrs Ecclestone over the proposed cost of the drinks, which are said to have included Chateau Petrus wine at £4,000 a bottle.

As a result, his ex-wife, who with a fortune of £750 million is one of the country’s wealthiest millionaires as the result of a divorce, ran up the huge bill without telling him.

Mr Ecclestone was giving evidence at the trial of Germany’s biggest post-war fraud trial against a German banker.

Tuesday, 8 November 2011

 

A farmer has died in Guadassuar, Tous, in Valencia after being attacked by a jabalí wild boar. Reports say the 60 year old man was working in his own orange grove when he was surprised by the beast. Miguel E. suffered injuries in the groin and was found with his blood over his hands and face according to witnesses who said it looked like he tried to defend himself from the attack. It happened last Saturday morning. Tous is a municipality where 90% of the population are hunters and nobody can ever remember anything similar ever happening before. The local police say the victim’s son reported that his father had phoned him on his mobile to say he had been injured, but when a neighbour arrived at the scene he was already dead. Reports indicate that he had earlier suffered a heart attack.

 

National police arrested a member of the Marbella Local Police force who was found shoplifting in a local commercial centre on Saturday. The man had tried to take a camera from the store. Municipal sources say the agent has already handed in his plaque and pistol, and is being suspended from his post without pay. Marbella Town Hall said they lamented the incident which they described as ‘totally isolated’.

Juan Antonio Roca - EFE archiveJuan Antonio Roca - EFE archive
enlarge photo



The Malaya case investigating the widespread corruption in Marbella Town Hall, and with Juan Antonio Roca, the ex Municipal Real Estate Assessor, at the centre of the allegations, has moved on to the most interesting phase, as the Málaga court starts to investigate the bribes.

On Monday, some five years and seven months after his arrest, Roca has had to start to respond to the big questions at the centre of the case, the backhanders he allegedly received from real estate promoters in exchange for licences to build outside the PGOU urban plan. More than 50 people including ex Mayors and Roca himself are expected to declare in this section of the case.

The court considers that Roca was paid by 19 different companies between 2001 and 2006, a total of 33.3 million €. Among the big payers were Carlos Sánchez and Andres Liétor – 6.8 million, José Avila Rojas – five million, and the directors of Aifos – 4.8 million.

The Córdoba promoter Sandokán, who is now a councillor in the city, allegedly handed over 600,000 in exchange for town planning favours.

The prosecutor claims that despite not being elected, a politician or even a civil servant, Roca was the man who was running Marbella Town Hall following the motion of no confidence passed in August 2003 against the then Mayor, Julian Muñoz. Roca’s power, lubricated by bags of cash, saw all the councilors act as his subordinates.

Key to the prosecution’s case are a series of files found at the lawyers offices, Maras Asesores. The business was controlled by Roca and councilors and businessmen often met in their offices. Police found some files, in the power of Salvador Gardoqui, which are considered to be Roca’s secret accounts, showing the entry and exit of money, with the real estate section of the accounts showing a surplus of more than 17 million €.

In the court on Monday another one of the accused, Eusabio Sierra, admitted, following a plea bargain with the Anti-corruption Prosecutor, that he paid a 60,000 € backhander to Roca to speed up the Town Hall’s payment of a debt. His two year prison threat has now been reduced to six months as a result, which means he will escape jail by paying a fine.

The basis of Roca’s statement to the court today was that he was not in control of the Town Hall and that the now late Mayor, Jesús Gil decided absolutely everything, ‘above all in the areas of work, the economy and real estate’. Asked by the Prosecutor what his relationship was with the Marbella Town Hall, he replied that it was always via municipal companies.

However Roca did admit paying local councilors for their votes in the motion of no confidence against Julián Muñoz, and admitted to the judge that he was paid more than 3.5 million € in backhanders, which he described as ‘advice payments’ for projects developed in the town. He admitted that Construcciones Salamanca 740,000 € and said that Aifos, whose bosses are also on the accused bench, paid as much as 1.8 million €. He said that the accounting of Maras Asesores, was correct, and admitted that was the company he used to try and hide all his finances.


Monday, 7 November 2011

Hotels have become the newest and most luxurious of flaunt-able accessories.

Fashion houses, celebrities and the anonymous super rich want to own them and the rest of us just want to say we’ve stayed there.

London’s newest and most fashionable hotel bling is Whitehall’s Corinthia Hotel: a shiny new bauble of a five star property ensconced in a hallowed vintage building that once housed the UFO wing of MI6 (it’s true, I heard it from the hotel’s concierge). The heart of the hotel is the dome-covered lobby lounge, dressed to the 9′s with a “Full Moon” chandelier by Parisian designer Chafik Gasmi. You want to talk bling; this baby has over 1,001 twinkling crystals winking seductively as government officials, embassy big wigs and arm candy girlfriends sip gin and tonics or take afternoon tea with cucumber sandwiches below.

Upstairs the rooms are lush, Frette linen-wrapped and full of fab extras like Hi Definition TV in the marble bathroom, super sleek electronic hook ups and my favorite: ESPA soaps, scrubs and shampoos in the walk in shower. ESPA fans will want to make a pilgrimage to the hotel just for the new ESPA Life SPA that covers four floors and includes an indoor pool, a vitality pool and–wait for it–an ice fountain.

Downstairs, the hotel’s two restaurants: Northhall and Massimo and the Bassoon Bar are abuzz with London’s Yummy Mummies, MP’s who work nearby and “Dragon’s Den”-like entrepreneurs who clearly feel the Corinthia is the fashion accessory of the moment. Dinining in Northhall is like a trip back in time to the glory days of the Empire with dishes on hand like Goosnargh Duck with Dauphinoise and Buttered Beans and St. Ives Seamed Lemon Sole with Cockles and Clams.

Notwithstanding all the shiny toys to play with, the Corinthia is grounded in luxe hotel 101: spot on service, quality product and a graciousness that reminds one of the old saying attributed to old school Ritz-Carlton staff: “We are ladies and gentlemen serving ladies and gentlemen.”