A SPANISH lawyer is hoping to indict the French banking magnate Baron Rothschild.
Antonio Flores, of Marbella-based Lawbird Legal Services, has formally requested for the court to charge and summon Baron David de Rothschild, the chairman of Swiss holding company, Rothschild Continuation Holdings.
There are currently two ongoing cases against N.M. Rothschild & Sons, one criminal in a court in Alicante for fraud and fraudulent advertising, and one civil in Malaga for misleading advertising.
Lawbird is representing 15 expat couples in their action against the multinational investment banking company, after allegedly being mis-sold €4 million worth of fraudulent equity release.
Flores claims the Baron is the person ultimately responsible for allowing the false advertising to be distributed in Spain for the bank’s CreditSelect Series loan.