It will require the entity to demonstrate that it activated the anti-money laundering protocol for participation in the purchase of al qubaisi, investigated for fraud cepsa tower. Cepsa tower. Updated: 02/08/17 | 20:53 the dutch company muscari Dominican Republic Phone Number List property, behind which is khadem al qubaisi, former president of cepsa and internationally investigated for money laundering, exercised the purchase option on torre cepsa in september with a loan of 400 million granted by bankinter. The bank of spain is now investigating that transaction. The entity is obliged to have strict controls over these operations and over the situation of the final beneficiary.
Thus, sources familiar with the investigation, to which el confidencial digital has had access , explain that inspectors from the bank of spain are trying to verify that bankinter did not detect risk associated with the transaction due to the link with al qubaisi . They will require for their review the details of how the operation was executed. Bankinter must have informed the executive service of the commission for the prevention of money laundering and monetary offenses ( sepblac ) if it had detected signs of money laundering. The objective of the bank of spain is to supervise whether the entity did everything possible to avoid money laundering in the face of the suspicious setup carried out by the buyers.
The review of this type of large real estate operations is usually common, according to sources in the sector. The seller was bankia, muscari exercised his purchase option and then sold the property again for 490 million to pontegadea, the real estate company of amancio ortega , founder of inditex. Suspicions of money laundering are found in the flow of capital from the dutch company linked to al qubaisi. Bankinter bridge financing sources familiar with the operation confirm to ecd that bankinter required this company that executed the purchase option to provide additional collateral of subsequent purchase and sale agreement as additional guarantee . This company from sheikh mansour's fund immediately resold the tower acquired from bankia to pontegadea.