Spain to probe socialite's multi-million euro COVID supply contracts
A Spanish court will investigate whether huge commissions charged by an aristrocratic entrepreneur and his partner on the sale of vital health supplies to Madrid city hall at the height of the COVID-19 pandemic constituted illegal profiteering. Well-known socialite Luis Medina and his partner Alberto Luceno sold $12 million worth of surgical gloves, face masks and rapid testing kits to Madrid, pocketing commissions of between 60% and 70% that they spent on luxury cars, lavish hotel stays and a yacht, the anti-corruption prosecutor's office said on Wednesday. The prosecutor said the pair obtained 'an exaggerated and unjustified economic benefit' and accused Medina and Luceno of aggravated fraud, forgery and money laundering.
View the full story here: https://www.reuters.com/world/europe/spain-probe-socialites-multi-million-euro-covid-supply-contracts-2022-04-07/