Fadesa overvalued its Antas land by 3000%

Martinsa Fadesa, the huge builder that recently went bust owing billions, and the company behind the Ballabona golf course project in Antas (never built, but planned to be part of Llano Central, but we can forget about that now) artifically revalued it’s holdings in Antas and Lucainena de los Torres by 3000%. To be brief, they brought the land for €4,2 million, but put it down as an asset worth €132 million. It was thanks Continue reading Fadesa overvalued its Antas land by 3000%