Spanish MEP Alvise Pérez is currently under investigation for alleged illegal financing of his party ‘Se Acabó la Fiesta’ (SALF) leading up to the European elections. Supreme Court prosecutors launched an investigation after evidence surfaced of a €100,000 cash transfer from cryptocurrency entrepreneur Álvaro Romillo to Pérez just days before the elections. Pérez admitted to receiving the cash as a freelancer without an invoice and will face a 25 percent fine on the total amount. Romillo claims that Pérez sought untraceable funds to help finance his campaign for Brussels, with messages indicating a need for €300,000 to €360,000.
Spanish law prohibits donations of over €50,000 to a political party in a year, with donations over €25,000 requiring reporting to the Court of Auditors. Romillo’s complaint against Pérez is believed to have been triggered by a complaint filed against his own business, Madeira Invest Club, by the Association of Cryptocurrency Users. The investigation into Pérez’s alleged illegal financing comes at a time when transparency and accountability in political party financing are in the spotlight.
The case highlights the importance of adhering to party financing laws and regulations, as well as the potential consequences of illegal financing practices. It also sheds light on the role of cryptocurrency in political financing and the need for regulations to prevent misuse of digital currencies for illicit purposes. As the investigation unfolds, further details are expected to emerge regarding the alleged illegal financing practices surrounding Pérez and his party.
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