Comment by ERVA at The Olive Press: A well put together and accurate article, highlighting the fraudulent selling of Equity Release Schemes in Spain. Schemes which we might add had already been outlawed in the UK in the 1990′s. Yet UK banks, Rothschild, Barclays and Surrenda Linked Mortgages (SLM) still peddled these obnoxious products in Spain, most likely knowing full well these facts. This was a well publicised case in the UK, which eventually ended up in the House of Lords. Of course Nordea Bank SA Luxembourg who have an office in Nueva Andalucia is Scandinavian, however this does not excuse them for selling this tax defrauding product in Spain. Perhaps the Honorable Mayoress, was also duped by Nordea Banks as has some 100 others. Erva - MARCH 3RD, 2014 8:40 PM theolivepress.es/spain-news/2014/03/03/exclusive-marbella-mayor-could-face-resignation-call-over-e3-1million-luxembourg-investment/
Posted on: Wed, 05 Mar 2014 07:50:21 +0000
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