Julio Iglesias is one of the most popular singers in our country. Furthermore, his family has become one of the most talked about in the social chronicle, so every step they take or every media stir they cause manages to capture all the attention of the different media.
But not all members of the Iglesias family have had a notable public profile. Some of them have preferred to keep their private lives away from the media spotlight and opt for the most absolute discretion. A decision made by one of the singer's brothers, Carlos Iglesias.
The artist's brother, who has been a real estate developer for more than two decades, captured all eyes this Tuesday, when the news broke that the First Section of the Provincial Court of Madrid had convicted him as the perpetrator of a crime against the public treasury. . The sentence condemns him to six months in prison and to pay a fine of almost thirty million euros.
The events date back to 2001, when Carlos Iglesias, as manager of the company Rolimpa Trading Corporation, did not make any tax declaration or income for the sale of three plots of land, in the amount of 46,277,932.04 euros, which had previously been had acquired in 1989 for a value of 601,012 euros.
The singer's brother has also been sentenced to four years of loss of the possibility of public subsidies or aid and the right to enjoy tax or Social Security benefits or incentives. In addition, he must compensate the Public Treasury with a total of 19,624,655 euros, plus late payment interest, which amounts to almost thirty million euros. Rolimpa Trading Corporation must be subsidiarily responsible for this amount.
The resolution details that the magistrates consider that "Rolimpa Trading Corporation should have declared to the Spanish Tax Agency for corporate tax, the profits obtained from the sale of the land." Furthermore, this lack of declaration represented a fraud against the Public Treasury of 19,624,655.16 euros. An amount that entered the estate of Carlos-Luis Iglesias as an illicit economic benefit.
