Two Spanish nationals are set to appear before the Magistrates’ Court tomorrow morning (31st January) following charges related to fraud and money laundering offences.
Their arrests came after a long and complex investigation by detectives from the Royal Gibraltar Police’s Economic Crime Unit.
David Nevado Luna of Estepona, Spain, and Francisco Cuadrado Gonzalez of Casares, Spain, both directors of the locally registered company Victoria Construction Ltd, were arrested in February 2024 on suspicion of Fraud by False representation.
The allegations relate to the under-declaration of corporate and personal tax liabilities.
Following the investigation, both individuals were charged and the company was summoned to court as follows:
David Nevado Luna
• Two counts of Fraud by False representation relating to the under-declaration of his personal tax liability.
• One count of Possession of Criminal Property in connection with the possession of £77,223.79, believed to be the benefit obtained from under-declaring income to the Income Tax Office.
Francisco Cuadrado Gonzalez
• Four counts of Fraud by False Representation, relating to the under-declaration of his personal tax liability.
• One count of Possession of Criminal Property in connection with the possession of £120,012.28, believed to be the benefit obtained from under-declaring income to the Income Tax Office.
Victoria Construction Ltd
The company itself has been summoned to appear before the Magistrates’ Court to answer the following charges:
• False Accounting, relating to the dishonest submission of corporate tax returns to the Income Tax Office. Specifically:
• The tax return for 2018/19 falsely declared a turnover of £385,050 and expenses of £428,713.
• The tax return for 2019/20 falsely declared a turnover of £364,800 and expenses of £358,151.
• Possession of criminal property, specifically funds amounting to £173,574.25.
Both individuals and the company will appear before the Magistrates’ Court at 10am tomorrow, where Luna and Gonzalez will also be appearing as directors of Victoria Construction Ltd.