Wednesday, August 4

A court suspends the rescue of Plus Ultra and gives the Government five days to justify it

The head of the Court of Instruction Number 15 of Madrid, Esperanza Collazos, has ordered to suspend the delivery of 34 million euros that are part of the rescue to the airline and that had to be disbursed on July 28, so that the company proves that it really needs this loan to pay suppliers.

The judge, in a car to which Europa Press has had access, points out that “the disbursement of the amount of 34,000,000 euros, as a participatory loan scheduled for July 28, within a viability plan for the company Plus Ultra, it must be justified, given the existence of this “judicial procedure.”

The instructor understands that continuing with this injection of money within the expected period, risking “an unjustified delivery” would entail “a significant loss of assets without the possibility of restoring it to a previous situation.”

“The general theory of precautionary measures in the field of crimes against property in a broad sense of danger or urgency of need, danger in default and the ‘fumus bonis iuris’ are applicable here, always having a provisional character” , has said.

The Court of Instruction Number 15 of Madrid investigates the rescue for the amount of 53 million euros that the State Society of Industrial Participations (SEPI) granted to Plus Ultra to keep it afloat, and that Vox and PP, both persons in the case, consider irregular.



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