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Wednesday, 30 March 2011

Court to sell off Roca's private plane and helicopter


01:30 |

Cessna Citation Jets (Enthusiast Color Series)Provincial Court in Málaga hearing the Malaya corruption case and presided over by Judge José Godino, has asked for the police to value the private plane and helicopter owned by the man at the centre of the case, Juan Antonio Roca, the ex municipal real estate assessor in Marbella Town Hall.

The court wants to sell off the plane and ‘copter at auction. The plane is a luxury Cessna Citation II 550, purchased in September 2004 for1.24 million €. It’s in the name of Marbella Airways of which Roca has 25% along with three others. The police have been paying a German company to maintain and store the craft.

The helicopter is a Europter EC 130B4, priced in its day at 1.09 million €, although now it is thought to be worth about 700,000 €.

Roca is reported to be in agreement with the sale in principle, and has announced his intention to sell off his assets to face the taxes and mortgage charges against him.

The anti-corruption prosecutor has valued Roca’s assets at 200 million €. He’s reported to be in favour of liquidating the assets to award larger sums to Marbella Town Hall and others affected by the corruption should there be a guilty verdict.

Latest reports indicate that the sentences in the Malaya and the Ballena Blanca cases are still several years away.


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