Jose Antonio Roca’s Paintings worth €3m not €27m

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EXPERT witnesses in the Malaya corruption trial – which started one year ago – have confirmed that 286 paintings seized from the alleged mastermind of the money laundering case are worth €3.2 million.

This much lower than the €27 million mentioned by the prosecutor, Juan Carlos Lopez Caballero.

When an expert was asked about this difference by Roca’s lawyer, Rocio Amigo, he responded that “talking about €25 million would imply having works of a type which have not been seen in this evaluation”.

The experts have valued 286 paintings, and the prosecutor and police claim that more than 500 were seized.

In his statement during the hearing, Roca himself said that he had bought the paintings for no more than €10 million, although the €27 million, estimated by the police and the prosecutor is also based on Roca’s own notes, seized by the police from the Maras Asesores SL accounts office.

However, he said in court that he had overvalued the works for insurance purposes, because he would get “half the value of the works” in case of a robbery.

Marbella’s former Urban Planning Councillor, Juan Antonio Roca  is facing 30 years in prison and more than €810 million in fines, he amassed a fortune thanks to his illegal dealings

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