2 Apr, 2012 @ 10:00
1 min read

Jackpot crackpot

By James Bryce

A MAYOR who borrowed 1.5 million euros from a lottery winner to pay council workers could face a 10-year ban from office.

Los Barrios mayor Jorge Romero agreed the loan at an eye-watering interest rate of 28 per cent a year.

Partido Andalucista mayor Romero is now accused of perverting the course of justice after fellow councillors presented a denuncia to an Algeciras court.

The town hall must pay the interest – 420,000 euros – on April 1 to the Algeciras-based winner, who scooped six million euros on the ONCE lottery.

Romero found the willing lender on the internet after searching social networking sites.

He was however warned against taking the loan, a practice known as ‘factoring’.

Having chosen to ignore the advice, the mayor now faces charges relating to the misuse of public money and simulating a contract.

James Bryce

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  1. The crime is that he has now burdened his people with a whopping 28% interest payment, Louie. Good job you are not an accountant lol. You’re not an accountant are you?

  2. thank you fred …. 1st point get rid of the euro experiment and lets get the new peseta going .
    2nd heavy investment in renewable energy ..bloody goldmine this
    3rd all business in spain must take on three under 25s per year to avoid corporation tax

  3. Easy louie lou, slow down there good man, 3 new mayor policies in one day is a bit much for Spain ….. you are in Spanish politics now, be diplomatic, you can’t make the others look bad by being overzealous ….

    Remember to have a cevezita and a mitin before going home ……

    BTW to point

    1 Make se Germans unhappy ? I don’t think leaving the Euro will be painless au contraire but OK I am all for it …..

    2 Where do you think the heavy investment will come from ? Especially after point 1

    3 I have a business in Spain but would much rather pay corporation tax then taking on three useless omnipotent knowitall’s (I did try that once …..)

  4. mr flintstone , heavy investment could come from outside brazil, china, japan ect .the funds and employment created would bring spain out of depression(i think its beyond recession now)
    i firmly belive in employment for the under 25s but at a reasonable salary for them and tax breaks and assistance for employers .i actually like the old style apprentice but im showing my age now

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