A Guardia Civil report reveals Servinabar negotiated a €985,000 Madrid flat for Santos Cerdán and his wife. The deal collapsed over delivery terms. Investigators traced a €9,000 deposit, later refunded.
The Guardia Civil's Unidad Central Operativa (UCO) has uncovered that Servinabar, a company under investigation, attempted to secure a high-end apartment in Madrid for former PSOE Organization Secretary Santos Cerdán and his wife, Francisca Muñoz. According to the police report, the property, located on Santa Cruz de Marcenado street, was valued at €985,000. The arrangement included a €9,000 deposit, €180,000 due at contract signing, and the remainder upon completion of the sale.
Investigators found that Cerdán personally visited the apartment with his wife during the negotiation phase in late 2021. The process was managed by Basque businessman Antxon Alonso, who handled the talks and paid the initial deposit from a Servinabar account. Despite these steps, the purchase ultimately fell through, reportedly due to disagreements over the handover conditions. The €9,000 deposit was returned to Servinabar in January 2022.
This case adds to a series of financial questions surrounding PSOE-linked entities. In a related development, the UCO previously reported difficulties tracing the origins of suspected secret funds connected to the party, prompting calls for a comprehensive audit of its accounts. Details of these ongoing investigations can be found in the report on the UCO's efforts to clarify PSOE's financial flows.
The attempted acquisition of a luxury property in Madrid highlights the scrutiny facing political figures and their associates regarding asset management and transparency. The UCO's findings underscore the complexity of financial operations involving companies like Servinabar and the challenges authorities face in tracking the movement of significant sums. In Spain, such cases often lead to broader debates about political accountability and the mechanisms in place to prevent misuse of funds. The real estate market in Madrid, especially in premium segments, continues to attract attention not only for its high prices but also for its role in high-profile investigations.
