Suspected solar park scammer used investor money on luxury items

The sun can do all the power producersSolar cells. Photo


The Spanish fraud suspect of solar park, Carlos Torregrosa shouldn’t have used Norwegian investors’ money on cars and other private luxuries.

The report from the Spanish tax authorities shows that Torregrosa has spent the money on luxury cars, including a Rolls-Royce, refurbishment of their private residence as well as his daughter’s wedding reception, reported newspaper Dagens Næringsliv.

From 2006, a group of Norwegian investors invested, these include Jens Ulltveit-Moe, Agder Energi and the former cross-country skiers Jens Arne Svartedal and håvard bjerkeli invested around 130 million kroner in the solar company Barahonda Investors. The company stated in March that Torregrosa emptied the company account of its 47 million kroner. The Norwegian Board of Barahonda Investors have charged him for economic crimes, and the company’s lawyer Pedro Lago Pérez has said he wants Torregrosa in custody.

Torregrosa has accused the Norwegians of false accusations and told the newspaper that he will fight the case to its bitter end.


Source: NTB scanpix / Norway Today