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  HOME | Business & Economy (Click here for more)

Spain Judge Says Politician Held on Corruption Suspicion Can Go Free on Bail

MADRID – A judge ruled on Wednesday that a regional politician linked to Spain’s ruling party who was jailed for his alleged involvement in a multi-million-euro corruption case can be released on payment of a 400,000 euro ($444,000) bail.

National Court Judge Eloy Velasco ruled that Francisco Granados, who had been number three in Madrid’s regional government, could be released after having spent more than two years in detention.

Granados, who belonged to Prime Minister Mariano Rajoy’s Popular Party, was one of 51 suspects detained in police anti-corruption raids in late 2014.

Investigators had uncovered a corruption case in which some 250 million euros worth of contracts had been allocated to private firms in exchange commissions.

It was alleged that Granados and an associate had concealed 12.6 million euros in Swiss banks, though he had earlier claimed he only had 300,000 euros.

 

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