UCO Reveals Ábalos’ Real Estate: Over-Mortgaged Flats, Koldo’s Rental, Child HQ
- MADRID, Spain (April 1, 2025) – An apartment linked to José Luis Ábalos, a former minister under Pedro Sánchez, is at the center of an investigation into a...
- Ábalos and his then-wife,Carolina Perles,acquired the property.
- Moreover, the apartment served as the registered office for a company belonging to Ábalos' son, Victor.
Ábalos’ Madrid Apartment Under Scrutiny in Real Estate Scheme
Table of Contents
- Ábalos’ Madrid Apartment Under Scrutiny in Real Estate Scheme
- Ábalos’ Madrid Apartment: A Real Estate Scheme under Investigation - Your Questions Answered
- What is the central focus of the investigation involving José Luis Ábalos?
- Who is Koldo García Izaguirre, and what is his connection?
- How did Ábalos and his then-wife acquire the apartment?
- What role did Carolina Perles play after acquiring the property?
- What are the initial concerns regarding the mortgage on the apartment?
- How did Koldo García Izaguirre become involved with the apartment after the purchase?
- Did Ábalos’ son have any involvement with the apartment?
- How did the activities of Victor’s company connect to other investigations?
- What is the cadastral value of the Humilladero apartment according to the UCO report?
- What was the sale value of the apartment when Ábalos and Carolina acquired it?
- What was the mortgage amount established on the same day as the purchase, and how did it compare?
- What guarantees were used for the mortgage loan?
- What were the mortgage amounts for each property used as a guarantee?
- Did Koldo García Izaguirre live at the Humilladero apartment?
- How much rent did Koldo García Izaguirre pay Ábalos?
- Who else resided at the Humilladero apartment?
- What companies operated from the apartment, and who were they administered by?
- What was the nature of the alleged scheme involving the companies operating from the apartment?
- What is the connection between the “External” company and the Fiadelso Foundation?
- Summary of Key Financial Details from the UCO Report
MADRID, Spain (April 1, 2025) – An apartment linked to José Luis Ábalos, a former minister under Pedro Sánchez, is at the center of an investigation into a suspected real estate scheme. The UCO, a Spanish investigative unit, has focused on the property on Humilladero Street in madrid, previously identified as a residence of Koldo García Izaguirre, a key advisor to Ábalos.
Complex Financial Web Surrounds Property
The details surrounding the apartment are complex. Ábalos and his then-wife,Carolina Perles,acquired the property. Perles later became an advisor to the Delegation of the Government of Madrid. The mortgage secured on the apartment exceeded its purchase value. later, Koldo García Izaguirre, while serving as Ábalos’ advisor, rented the apartment, suggesting a potential financial arrangement tied to his salary.
Moreover, the apartment served as the registered office for a company belonging to Ábalos’ son, Victor. this company’s activities mirrored those of the Fiadelso Foundation, also under investigation for alleged fund diversion and potential links to real estate acquisitions in Peru controlled by Ábalos.
UCO Report Details Property Acquisition
According to a UCO report, the property, identified as “Registration Property No. 4 of Madrid (Madrid), Finca number 29603 Section 3a,” had a cadastral value of €45,578.25.The report states, “On Jan. 14,2010,Ábalos and Carolina acquired this property for a sale value of €161,500.” The same day, a mortgage for €200,000 was established, exceeding the property’s purchase price.
The UCO report further details the mortgage arrangements: “In relation to this mortgage loan, the reviews used two farms as a guarantee… they were mortgaged for a total of €200,000. On the one hand, the one described as ‘number 1’ [the Humilladero apartment] for a total of €118,000 and the one indicated as ‘number 2’ [a property in Valencia] by an amount of €82,000.”
Investigators also noted that Koldo García Izaguirre resided at the property while working as an advisor. The investigation indicates he paid Ábalos €950 per month in rent. Patricia Uriz García, García Izaguirre’s partner, also resided at the address.
Son’s Companies Operated from Apartment
The apartment also served as the registered office for “Consulting,” a commercial external program. María Inés Miñana García, Ábalos’ former mother-in-law, initially administered this company, followed by his son, Victor. Additionally, it functioned as the registered office for “Projects and Special Constructive Developments,” another firm administered by Ábalos’ son.
Víctor de Aldama identified both companies as being involved in a scheme involving alleged illegal commissions from public works projects. The “External” company shares the same purpose as the Fiadelso Foundation, which received €5.5 million in subsidies and is linked to property purchases in Peru under Ábalos’ control.
Ábalos’ Madrid Apartment: A Real Estate Scheme under Investigation - Your Questions Answered
Here’s a breakdown of the investigation surrounding José Luis Ábalos‘ apartment in Madrid, presented in a Q&A format for clarity:
What is the central focus of the investigation involving José Luis Ábalos?
The investigation centers around the real estate scheme allegedly linked to José Luis Ábalos, a former minister under Pedro Sánchez. The primary focus is an apartment located on Humilladero Street in Madrid.
Who is Koldo García Izaguirre, and what is his connection?
koldo García izaguirre, a key advisor to José Luis Ábalos, is connected to the apartment on Humilladero Street. The property was previously identified as his residence.
How did Ábalos and his then-wife acquire the apartment?
Ábalos and his then-wife, Carolina Perles, acquired the property. The details suggest the purchase may be at the center of the investigation.
What role did Carolina Perles play after acquiring the property?
After the acquisition, Carolina Perles became an advisor to the Delegation of the Government of Madrid.
What are the initial concerns regarding the mortgage on the apartment?
The initial concern is that the mortgage secured on the apartment exceeded its purchase value.
How did Koldo García Izaguirre become involved with the apartment after the purchase?
koldo garcía Izaguirre,while serving as Ábalos’ advisor,rented the apartment. This arrangement raises questions about a potential financial connection linked to his salary.
Did Ábalos’ son have any involvement with the apartment?
Yes, the apartment served as the registered office for a company belonging to Ábalos’ son, Victor.
How did the activities of Victor’s company connect to other investigations?
The activities of Victor’s company mirrored those of the Fiadelso foundation. The Fiadelso Foundation is also under investigation for alleged fund diversion and potential links to real estate acquisitions in Peru, which were controlled by Ábalos.
What is the cadastral value of the Humilladero apartment according to the UCO report?
According to a UCO report, the cadastral value of the property (identified as “Registration Property No. 4 of Madrid (Madrid), Finca number 29603 Section 3a”) was €45,578.25.
What was the sale value of the apartment when Ábalos and Carolina acquired it?
The UCO report states that Ábalos and Carolina acquired the property for a sale value of €161,500 on January 14, 2010.
What was the mortgage amount established on the same day as the purchase, and how did it compare?
On the same day, January 14, 2010, a mortgage for €200,000 was established, exceeding the property’s purchase price.
What guarantees were used for the mortgage loan?
The mortgage loan used two properties as a guarantee. One was Humilladero apartment, and the other was a property in Valencia.
What were the mortgage amounts for each property used as a guarantee?
The Humilladero apartment (number 1) was mortgaged for €118,000 and the property in Valencia (number 2) was mortgaged for €82,000.
Did Koldo García Izaguirre live at the Humilladero apartment?
Yes,investigators noted that Koldo García Izaguirre resided at the Humilladero apartment while working as an advisor.
How much rent did Koldo García Izaguirre pay Ábalos?
Koldo García Izaguirre paid Ábalos €950 per month in rent.
Who else resided at the Humilladero apartment?
Patricia Uriz García, García Izaguirre’s partner, also resided at the address.
What companies operated from the apartment, and who were they administered by?
The apartment served as the registered office for two companies:
“Consulting”: Initially administered by María Inés Miñana García, Ábalos’ former mother-in-law, followed by his son, Victor.
“Projects and Special Constructive Developments”: Administered by Ábalos’ son, Victor.
What was the nature of the alleged scheme involving the companies operating from the apartment?
Víctor de Aldama identified both companies as being involved in a scheme involving alleged illegal commissions from public works projects.
What is the connection between the “External” company and the Fiadelso Foundation?
The “External” company shares the same purpose as the Fiadelso Foundation.the Fiadelso Foundation received €5.5 million in subsidies and is linked to property purchases in Peru under Ábalos’ control.
Summary of Key Financial Details from the UCO Report
Here’s a succinct summary of the key financial details from the UCO report:
| Item | Details |
| ————————— | —————————————————————- |
| Cadastral Value | €45,578.25 |
| Purchase Price | €161,500 (January 14, 2010) |
| Mortgage Amount | €200,000 (established same day as purchase) |
| Humilladero Apartment Mortgage Guarantee | €118,000 |
| valencia Property Mortgage Guarantee | €82,000 |
| Monthly Rent Paid by García Izaguirre | €950 |