Mayor of Marbella sues top lawyer over alleged undeclared assets

March 20th, 2014
The Olive Press

Mayor of Marbella sues top lawyer over alleged undeclared assetsTHE mayor of Marbella is suing a well known lawyer over claims that she improperly declared her investments abroad.

Maria Angeles is suing Antonio Flores, of Lawbird, after he spoke to the press regarding her alleged failure to declare that she and her expat husband Lars Broberg took out a €3.1 million equity release mortgage with Swiss bank Nordea in 2010.

Muñoz has accused the brief of ‘professional misconduct’, claiming he was the main source in recent media reports concerning her allegedly undeclared assets.

As well as investments in Luxembourg, Munoz and Swede Broberg allegedly bought a 98% share in Gibraltarian company Crasel Limited, in 2003.

The town hall has reported the lawyer, who has a column with the Olive Press, to the Law Society, meaning the case will not go to court.

Spokesman for the town hall, Felix Romero claimed Flores ‘went against professional ethics by giving insulting statements to the press, and distributing them across the internet’.

Flores insisted: “I have not been disrespectful towards her. I only said that she had either deliberately not declared her investments, or that she was a victim of the bank, like many others. I never made any indication which.”

Concerns were first raised about Munoz’s foreign dealings by a group established by Antonio Flores, called the Equity Release Victims Association (ERVA), made up of expats who have lost millions of euros through the bank.

The lawyer has filed a complaint with the Tax Office on behalf of ERVA’s members, affected by investments with Nordea Bank.

Mr Flores will give a press conference on Thursday to discuss the allegations made against him.

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