Tag #Acciona

Showing 1 to 12 of 22 results

elmundo.es

🌐 90% Global Worthiness

Sep 17, 04:16

Irregularities in the Award of a €6.8 Million Contract for Social Housing in Navarre, Spain

An audit by Navarre's Office of Good Practices and Anti-Corruption revealed numerous irregularities in the 2018 award of a €6.8 million contract to a temporary business union (UTE) for 62 social housing units in Erripagaña, Spain, including the UTE's lack of legal existence at the time of the award.

Irregularities in the Award of a €6.8 Million Contract for Social Housing in Navarre, Spain

An audit by Navarre's Office of Good Practices and Anti-Corruption revealed numerous irregularities in the 2018 award of a €6.8 million contract to a temporary business union (UTE) for 62 social housing units in Erripagaña, Spain, including the UTE's lack of legal existence at the time of the award.

Progress

48% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the broader implications of this case regarding public contracting in Spain?

This case highlights systemic weaknesses in public contracting processes in Spain, particularly regarding transparency and accountability. The numerous irregularities, including missing documentation and procedural flaws, raise concerns about potential corruption and the need for stricter oversight and improved regulatory compliance in public works projects.

elpais.com

🌐 85% Global Worthiness

Aug 1, 10:13

Spanish Investigation Uncovers €6 Million in Payments to Company Linked to Bribery Scheme

A Spanish investigation alleges a bribery scheme involving former PSOE secretary Santos Cerdán, ex-minister José Luis Ábalos, and businessman Joseba Antxon Alonso, focusing on €6 million in payments from Acciona to Servinabar, a company allegedly used to channel bribes, with further investigation ne...

Spanish Investigation Uncovers €6 Million in Payments to Company Linked to Bribery Scheme

A Spanish investigation alleges a bribery scheme involving former PSOE secretary Santos Cerdán, ex-minister José Luis Ábalos, and businessman Joseba Antxon Alonso, focusing on €6 million in payments from Acciona to Servinabar, a company allegedly used to channel bribes, with further investigation ne...

Progress

48% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What specific contracts awarded to Acciona, and what payments made by Acciona to Servinabar, are under investigation for alleged bribery?

A Spanish investigation into a bribery scheme involving public works contracts reveals that Servinabar, a company linked to former PSOE secretary Santos Cerdán and ex-minister José Luis Ábalos, received over €6 million from Acciona in the last 10 years. The investigation focuses on payments channeled through Servinabar, with approximately €2 million linked to a suspect contract for a Logroño highway.

elmundo.es

🌐 85% Global Worthiness

Jul 8, 01:17

Spanish Court Investigates Businessmen in Public Works Corruption Case

Two businessmen, Antxon Alonso and Fernando Merino, testified in Spain's Supreme Court regarding their involvement in a public works corruption case involving former PSOE official Santos Cerdán. The investigation centers on alleged bribery and criminal organization, with Alonso's company, Servinabar...

Spanish Court Investigates Businessmen in Public Works Corruption Case

Two businessmen, Antxon Alonso and Fernando Merino, testified in Spain's Supreme Court regarding their involvement in a public works corruption case involving former PSOE official Santos Cerdán. The investigation centers on alleged bribery and criminal organization, with Alonso's company, Servinabar...

Progress

40% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What specific evidence links the two businessmen to the alleged corrupt scheme in awarding public works contracts?

Two key businessmen, Antxon Alonso and Fernando Merino, testified in the Supreme Court regarding alleged irregularities in public works contracts. Alonso, linked to former PSOE official Santos Cerdán, denied illegal activity, while Merino, ex-Acciona executive, admitted collaborating with local firms, stating it's common practice. Both now face travel restrictions and court appearances.

elmundo.es

🌐 85% Global Worthiness

Jul 7, 04:11

Navarra Contracts Investigation Implicates Key Figures in Spanish Politics

A Guardia Civil investigation into the Koldo case implicated Antxon Alonso, whose company Servinabar won major contracts in Navarra. Evidence suggests links to imprisoned former PSOE official Santos Cerdán, and involvement in securing PNV support for Pedro Sánchez's 2018 premiership. Over €537 milli...

Navarra Contracts Investigation Implicates Key Figures in Spanish Politics

A Guardia Civil investigation into the Koldo case implicated Antxon Alonso, whose company Servinabar won major contracts in Navarra. Evidence suggests links to imprisoned former PSOE official Santos Cerdán, and involvement in securing PNV support for Pedro Sánchez's 2018 premiership. Over €537 milli...

Progress

56% Bias Score

ShareSaveArticle

Peace, Justice, and Strong Institutions

12345678

Previous 1 of 8 Next

What is the significance of Antxon Alonso's role in the Koldo case, and what immediate consequences arise from the evidence uncovered?

Antxon Alonso, previously unknown outside Navarra, is now central to the Koldo case investigation. His company, Servinabar, with no prior construction experience, won major contracts in Navarra, including Mina Muga and Navarra Arena. A June 10th Guardia Civil search of Alonso's home uncovered a contract showing he transferred 1350 Servinabar shares to imprisoned former PSOE official Santos Cerdán.

elmundo.es

🌐 75% Global Worthiness

Jul 3, 13:13

Acciona Wins €189 Million in Basque Railway Contracts Amidst Corruption Probe

Acciona, partnering with Altuna, won five Basque railway projects worth €189 million since 2021, raising concerns amidst a corruption investigation; the largest contract, the Bilbao Metro extension, saw a €20 million budget increase.

Acciona Wins €189 Million in Basque Railway Contracts Amidst Corruption Probe

Acciona, partnering with Altuna, won five Basque railway projects worth €189 million since 2021, raising concerns amidst a corruption investigation; the largest contract, the Bilbao Metro extension, saw a €20 million budget increase.

Progress

40% Bias Score

ShareSaveArticle

Industry, Innovation, and Infrastructure

12345678

Previous 1 of 8 Next

What are the potential long-term implications of this investigation for future public works contracts in the Basque Country and for Acciona's operations?

The €20 million increase in the Bilbao Metro extension contract, approved on April 16th, exemplifies the potential financial implications of this investigation. The Basque government's response emphasizes compliance with transparency regulations, but a comprehensive analysis of all awarded contracts is still pending.

elpais.com

🌐 85% Global Worthiness

Jun 26, 13:16

Acciona Denies Responsibility in Bribery Scheme, Blames Dismissed Employee

Acciona's president denies corporate responsibility in a bribery scheme under investigation, attributing blame to a dismissed employee and an external company, while asserting commitment to ethical conduct and legal compliance; the company is cooperating with authorities.

Acciona Denies Responsibility in Bribery Scheme, Blames Dismissed Employee

Acciona's president denies corporate responsibility in a bribery scheme under investigation, attributing blame to a dismissed employee and an external company, while asserting commitment to ethical conduct and legal compliance; the company is cooperating with authorities.

Progress

48% Bias Score

ShareSaveArticle

Peace, Justice, and Strong Institutions

12345678

Previous 1 of 8 Next

How did the alleged actions of a single employee, Fernando Merino, impact Acciona's reputation and its relationship with government entities?

The alleged scheme, under investigation by the UCO (Central Operative Unit) of the Guardia Civil, involves €550,000 already paid and €450,000 pending payment to a group including the former PSOE secretary of organization, Santos Cerdán, and former Transport Minister José Luis Ábalos. Entrecanales emphasized Acciona's commitment to legality and ethical conduct, highlighting the small scale of the contracts relative to Acciona's overall business volume.

cincodias.elpais.com

🌐 75% Global Worthiness

Aug 2, 07:15

Ferrovial Sues Acciona for Alleged Misappropriation of Trade Secrets

Ferrovial sued Acciona in a US court for alleged misappropriation of trade secrets after five former Ferrovial executives joined Acciona, allegedly downloading over 100,000 confidential documents before their departure. Acciona denies these claims and requests dismissal.

Ferrovial Sues Acciona for Alleged Misappropriation of Trade Secrets

Ferrovial sued Acciona in a US court for alleged misappropriation of trade secrets after five former Ferrovial executives joined Acciona, allegedly downloading over 100,000 confidential documents before their departure. Acciona denies these claims and requests dismissal.

Progress

44% Bias Score

ShareSaveArticle

Peace, Justice, and Strong Institutions

12345678

Previous 1 of 8 Next

What specific evidence has Ferrovial presented to support its claim that Acciona misappropriated confidential information?

Ferrovial, a Spanish construction firm, accuses its competitor Acciona of misappropriating confidential information through the hiring of several of its executives. Acciona denies these claims, stating the lawsuit lacks sufficient detail regarding the allegedly stolen information. The case is now before a US judge who will decide whether to proceed with the lawsuit.

elmundo.es

🌐 85% Global Worthiness

Jul 27, 04:10

Navarra Housing Project Sparks Corruption Investigation

In Navarra, a €7.8 million public housing project in Erripagaña faced local opposition due to its location on an unstable slope, lack of services, and high cost, ultimately raising concerns about potential corruption involving the regional government and a connected firm.

Navarra Housing Project Sparks Corruption Investigation

In Navarra, a €7.8 million public housing project in Erripagaña faced local opposition due to its location on an unstable slope, lack of services, and high cost, ultimately raising concerns about potential corruption involving the regional government and a connected firm.

Progress

64% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How did the project's approval process disregard concerns about environmental impact, community input, and potential legal violations?

The project proceeded despite concerns about population density, lack of services, and geotechnical issues, as well as legal challenges regarding public participation. The awarding of the €7.8 million contract to Acciona and Servinabar 2000, a smaller firm, raised eyebrows given alleged cost inflation and questionable practices. A connection between Servinabar and Santos Cerdán, a prominent figure in the Navarra Socialist Party, further fueled suspicions of corruption.

elpais.com

🌐 85% Global Worthiness

Jul 7, 07:13

Spanish Supreme Court Investigates Corruption, Businessmen to Testify

A Spanish Supreme Court investigation into alleged corruption involves the testimony of two businessmen, Joseba Antxón Alonso Egurrola and Fernando Merino Vera, linked to former PSOE officials Santos Cerdán and José Luis Ábalos, focusing on suspicious public works contracts and alleged political man...

Spanish Supreme Court Investigates Corruption, Businessmen to Testify

A Spanish Supreme Court investigation into alleged corruption involves the testimony of two businessmen, Joseba Antxón Alonso Egurrola and Fernando Merino Vera, linked to former PSOE officials Santos Cerdán and José Luis Ábalos, focusing on suspicious public works contracts and alleged political man...

Progress

36% Bias Score

ShareSaveArticle

Peace, Justice, and Strong Institutions

12345678

Previous 1 of 8 Next

What are the immediate consequences of the Supreme Court investigation into alleged corruption within the Spanish Socialist Party?

Two businessmen, Joseba Antxón Alonso Egurrola and Fernando Merino Vera, are to testify in a Spanish Supreme Court investigation into alleged corruption involving former Socialist Party (PSOE) officials. Alonso's company, Servinabar, allegedly had ties to former PSOE secretary Santos Cerdán, who is in prison, and the investigation also involves former minister José Luis Ábalos and his advisor.

elmundo.es

🌐 85% Global Worthiness

Jul 3, 04:11

Acciona Executive's Refusal to Testify in Corruption Case Results in Court Ruling

Former Acciona director Justo Vicente Pelegrini was dismissed after appearing in a corruption investigation and subsequently failed to testify in a related wrongful termination lawsuit, leading to a judge's ruling against Acciona in May 2024.

Acciona Executive's Refusal to Testify in Corruption Case Results in Court Ruling

Former Acciona director Justo Vicente Pelegrini was dismissed after appearing in a corruption investigation and subsequently failed to testify in a related wrongful termination lawsuit, leading to a judge's ruling against Acciona in May 2024.

Progress

44% Bias Score

ShareSaveArticle

Peace, Justice, and Strong Institutions

12345678

Previous 1 of 8 Next

What broader implications does Pelegrini's case have for corporate accountability and whistleblower protection in Spain?

Pelegrini's refusal to testify, despite legal obligation, raises concerns about potential obstruction of justice and underscores the gravity of the corruption allegations within Acciona. The case highlights the risks faced by whistleblowers within large organizations and the need for stronger protections.

elpais.com

🌐 85% Global Worthiness

Jul 1, 07:16

Controversial Belate Tunnel Contract Under Investigation for Irregularities

The €76 million contract for the Belate tunnel widening in Navarra, Spain, awarded to Acciona, Servinabar 2000, and Excavaciones Fermín Osés in January 2024, is under investigation for alleged irregularities, including undisclosed financial interests of a political figure and insufficient justificat...

Controversial Belate Tunnel Contract Under Investigation for Irregularities

The €76 million contract for the Belate tunnel widening in Navarra, Spain, awarded to Acciona, Servinabar 2000, and Excavaciones Fermín Osés in January 2024, is under investigation for alleged irregularities, including undisclosed financial interests of a political figure and insufficient justificat...

Progress

48% Bias Score

ShareSaveArticle

Peace, Justice, and Strong Institutions

12345678

Previous 1 of 8 Next

How did the EU directive on tunnel safety influence the timeline and financial aspects of the Belate tunnel project?

The controversy stems from alleged links between former PSOE secretary general Santos Cerdán and Servinabar 2000, a small construction firm implicated in bribery allegations involving Cerdán, former Transport Minister José Luis Ábalos, and his advisor. The Guardia Civil found evidence suggesting Cerdán held a 45% stake in Servinabar, undisclosed in his financial declarations. This, coupled with the dissenting opinions and audit findings, casts doubt on the contract's fairness.

cincodias.elpais.com

🌐 75% Global Worthiness

Jun 25, 10:17

Acciona Sells Peruvian Wind Farm Amid Corruption Allegations

Acciona sold its San Juan de Marcona wind farm in Peru to Luz del Sur for up to $253 million amid a corruption scandal involving the PSOE, following allegations of bribery related to public works contracts; the sale is subject to regulatory approval and expected to close before the end of the year.

Acciona Sells Peruvian Wind Farm Amid Corruption Allegations

Acciona sold its San Juan de Marcona wind farm in Peru to Luz del Sur for up to $253 million amid a corruption scandal involving the PSOE, following allegations of bribery related to public works contracts; the sale is subject to regulatory approval and expected to close before the end of the year.

Progress

36% Bias Score

ShareSaveArticle

Affordable and Clean Energy

12345678

Previous 1 of 8 Next

How might this asset sale impact Acciona's overall financial position and credit rating?

The sale is part of Acciona Energía's asset rotation strategy, aiming to improve its credit profile and generate value amid a corruption scandal. The deal is subject to approval by Peru's competition authority (INDECOPI) and is expected to close before year-end. This transaction is Acciona's first divestment since the scandal broke.

Showing 1 to 12 of 22 results