The Pardo de Vera clan and the €100 billion hole

Between €60 billion and €100 billion lost each year: the Pardo de Vera clan and the railway corruption scheme reaching into Spain's government.

English · Original discussion in Spanish · Published

The Pardo de Vera clan: corruption and €100 billion

For a year now, accusations have been circulating about the Pardo de Vera clan, allegedly the core of a corruption scheme in Spain's railway infrastructure. The husband of the central figure is said to be the brains behind the business dealings, while her sister tries to clean up the family's image with lectures on sarracena. The figure being cited is staggering: between €60 billion and €100 billion lost every year from the state budget, part of it diverted through rigged contracts.

The scheme is said to have enjoyed political protection. The "axis of evil" — as the group backing it is known — guaranteed impunity until the police order finally came, according to critics, far too late. "About time," analysts sum up.

The case raises an uncomfortable question: how could a family clan operate unchecked for so long? The official account clashes with the magnitude of the figures which, if true, would amount to the biggest corruption scandal in Spain's democracy. The verdict, for now, is skepticism.

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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (62 replies).

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