Police seized around 30 pieces of jewelry from a safe in Zapatero's Madrid office, along with two dozen agendas, hard drives, and pen drives considered key to the investigation.
Investigators traced 16 million euros from the 53-million-euro Plus Ultra bailout to a transnational money laundering network, with funds moving to accounts in Gibraltar, Switzerland, and other jurisdictions.
Swiss prosecutors linked the case to Allpa Wira Trading, a company suspected of involvement in gold trafficking, after alerting Spanish authorities in 2024.
The UDEF accuses Zapatero's daughters of using their company, Whathefav, to issue fake invoices to cover up payments, with Zapatero authorized to operate their bank accounts.
The PP is waiting for government allies to break ranks, while the PNV has suggested early elections, calling the current legislative situation unsustainable.
The legal situation for former Spanish Prime Minister José Luis Rodríguez Zapatero has worsened significantly following the release of a judicial summary. The investigation, led by National Court Judge José Luis Calama, has uncovered a complex web of alleged influence peddling, money laundering, and the diversion of public funds from the 2021 bailout of airline Plus Ultra.
During a police raid on Zapatero's office on Ferraz Street in Madrid, agents from the Economic and Financial Crime Unit (UDEF) seized around thirty pieces of jewelry from a safe. The items included gold earrings, bracelets, rings, several watches including an Omega, and a pendant with the number 13, all found inside a bag marked "Presidency of Government." His secretary, Gertrudis Alcaraz, who is also under investigation, initially resisted handing over the keys, claiming the jewels belonged to Zapatero's wife, Sonsoles Espinosa, as part of an inheritance. Experts consulted by 20minutos estimate that some pieces, particularly tiaras and pendants with dark gems, could be of "Arab origin" and valued between 50,000 and 150,000 euros, though a full appraisal is pending.
“They are not high jewelry pieces, they are stock pieces from a good but standard jewelry store.”
Beyond the jewels, investigators consider the two dozen seized agendas, hard drives, and pen drives to be of far greater evidentiary value. The UDEF describes the office not as a mere administrative space but as a "core for issuing instructions" channeled through the email account 'presidentezapatero'. A second operational center was identified at Zapatero's private residence, allegedly used for "sensitive dealings and receiving shipments" to maintain opacity.
The investigation centers on the 53-million-euro public bailout granted to Plus Ultra on March 9, 2021. Judge Calama suspects that part of this money was "immediately" transferred to opaque bank accounts of shell companies involved in selling gold of unknown origin. A total of 16 million euros was allegedly diverted to a "transnational" money laundering network. The first 19 million euro tranche was disbursed on March 18, 2021, and 5.92 million began flowing to foreign companies that same day. A further 10 million was diverted after the second tranche on August 10, 2021.
Funds were traced to instrumental companies including Valerian Corporation SA, Allpa Wira Trading AG, and Wailea Investment LTD, with transfers to bank accounts in Gibraltar, Switzerland, Montenegro, the United Kingdom, and Mauritius. Swiss prosecutors had alerted Spain in 2024 about Plus Ultra's dealings with Allpa Wira Trading, a company owned by businessman Simon Verhoeven, which is suspected of involvement in gold trafficking.
“The planning of these events began in March 2020, when a line of contacts at a governmental level and another at a less publicly exposed influential level was activated.”
Judge Calama identified a network of 39 companies managed by Julio Martínez Martínez, a close associate of Zapatero. These entities, including Caletón, Summer Wind, and Afitta, are accused of simulating activity through fake invoicing and contracts to justify payments. The UDEF report alleges that Zapatero's daughters, Laura and Alba, played a significant role through their company, Whathefav, by issuing ad hoc fake invoices to provide formal cover for financial movements. The police consider Whathefav a "finalist element" and a "distribution center for economic flows" within the scheme. Crucially, Zapatero was an authorized signatory on his daughters' bank accounts where these funds were deposited.
The revelations have sent shockwaves through Spanish politics. The conservative Partido Popular (PP) has opted to wait for the government's parliamentary allies to "get nervous" rather than immediately pursuing a no-confidence motion. PNV president Aitor Esteban suggested Pedro Sánchez call early elections, stating it would be "very difficult to complete the legislature." PP spokesperson Borja Sémper demanded action, saying "words alone are not enough." The scandal is seen as a severe blow to the Socialist party's moral standing, with analysts questioning whether the government can survive until the scheduled 2027 election date.
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The judicial investigation tightens around former Spanish PM José Luis Rodríguez Zapatero, with police seizing jewels and agendas from his office and tracing millions from the Plus Ultra airline bailout to opaque accounts linked to gold trafficking.
AI text based on reports by LaVanguardia and 20 minutos. Published .