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Businessman implicates Rodríguez Zapatero in Plus Ultra airline loan

From El Nacional · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources Under investigation
  • A businessman has implicated former Spanish Prime Minister José Luis Rodríguez Zapatero in facilitating a 53 million euro public loan to the airline Plus Ultra in 2021.
  • The businessman, Julio Martínez, stated Zapatero was "kept informed of all steps" during the loan's processing and admitted receiving a 1% commission for his intermediation.
  • Rodríguez Zapatero has denied exerting pressure or communicating with the airline's representatives regarding the rescue, and is currently under investigation for influence peddling and other charges.

Businessman Julio Martínez has directly linked former Spanish Prime Minister José Luis Rodríguez Zapatero to the controversial 53 million euro public loan granted to the airline Plus Ultra in 2021. Martínez submitted a statement to the investigating judge asserting that Zapatero was "kept punctually informed of all steps" taken during the financing process.

Martínez, who is also under investigation, admitted to receiving a commission equivalent to 1% of the loan amount for his role as an intermediary. He stated that Zapatero, acting as a consultant, dictated the course of action, leveraging his "status as former prime minister and his personal and professional relationships" to secure business for his consultancy firm, Análisis Relevante.

According to Martínez's account, Zapatero suggested initial banking contacts that did not materialize. Subsequently, the focus shifted to seeking support from the state-owned SEPI (Sociedad Estatal de Participaciones Industriales), the entity that ultimately provided the loan. Plus Ultra agreed to pay Análisis Relevante 5,000 euros monthly for Zapatero's advisory services, starting in May 2020.

Rodríguez Zapatero has previously denied any wrongdoing. Appearing before the judge on June 17, he refuted claims of pressuring officials or communicating with Plus Ultra representatives to facilitate the rescue. He is currently being investigated for alleged influence peddling, criminal organization, money laundering, and document forgery.

DistantNews Editorial

Originally published by El Nacional in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.