Steel businessman Aristrain faces 64 years in prison for fraud

He will be judged next Wednesday by the Provincial Court of Madrid. In total, they are charged with fifteen tax avoidance crimes and demand payment of 210,980,706.23 euros as civil liability and a fine of around 1,190 million euros. In his letter, the prosecutor indicates that in 1998 the industrialist ordered the constitution in Holland of the company Corporación JMAC. BV to take advantage of “artificially” and “abusively” the “very beneficial” tax treatment that governed in the country for a patrimonial company and then transferred it to Luxembourg.

In this way, Aristrain managed to ensure that his companies dedicated to the steel industry in Spain did not pay corporate taxes to the public treasury, nor in Luxembourg because they were exempt there.


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