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A national scandal starts to unravel.

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  • Additional Information
    • Subject Terms:
      SPAIN
    • Abstract:
      The article reports on the controversy involved by Barcelona, Spain-based industrialist Juan Vila Reyes after he lost 142.5 million-dollar fund from the government to support his overseas ventures. It states that Reyes was sentenced by a state court for three years imprisonment and imposed a 23.7 million-dollar fine. Meanwhile, the Spanish Supreme Court decided to investigate Maquinaria Textil del Norte SA (Matesa), the family-owned business of Reyes.