British businessman Doug Barrowman has been cleared of any wrongdoing following his Spanish embezzlement and tax fraud trial. The father-of-four husband of bra tycoon Michelle Mone had been warned he faced up to five and a half years in prison if convicted. But the threat of jail hanging over his head was lifted today after he learnt he had been acquitted of all charges.
The other six British businessmen put in the dock alongside him at a court in the northern Spanish port city of Santander over six days at the end of January and the start of February were also declared innocent by the three trial judges. The misappropriation and tax fraud charges against them were linked to a 2008 cable factory purchase. Barrowman was one of the two largest shareholders in their now-defunct company B3 Cable Solutions Spain which bought the plant. The prosecution case focused on a July 2008 EUROS 6.3 million (POUNDS 5.35) million payment by the cable firm to a “linked” UK company called Axis Ventura which Barrowman founded and several of the defendants were directors of. A public prosecutor alleged in court Barrowman and five of his associates pocketed the six-figure sum through an invoice for consultancy services she said they inflated or never provide
British Businessman Cleared Embezzlement Tax Fraud Spain Trial Acquitted Charges Misappropriation Cable Factory Shareholders Invoice Consultancy Services
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