Skip to content
August 17, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • International News
  • Politicians, others get 351 years jail term for corruption
  • International News

Politicians, others get 351 years jail term for corruption

Admin May 24, 2018

A Prison in Spain

A Prison in Spain

More than two dozen Spanish politicians and business leaders face a total of 351 years in jail after a national court handed down sentences in the long-running “Operaction Guertel’’ corruption case on Thursday.

The case has been dragging on for years and has caught up multiple members of the ruling centre-right People’s Party (PP).

Thursday’s sentencing saw 29 of 37 accused given jail terms.

Named Operaction Guertel, the Spanish word for ‘operation’ and the German word for ‘belt’, the sting looked at Spanish businessmen who were bribing PP politicians in exchange for lucrative public contracts.

The case first came to light in 2009.

The affair is considered to be one of the biggest in modern Spanish history.

Much of it is focused on a businessman, Francisco Correa (whose surname roughly translates as ‘belt’), who stands accused of embezzling large sums of public money between 1999 and 2005.

The 62-year-old was sentenced to 51 years in jail.

Former PP Treasurer, Luis Barcenas, was found guilty of money laundering and sentenced to 33 years and a fine of 44 million Euros (51.6 million dollars).

The network’s activities focused on Madrid and Valencia, which are both PP strongholds.

PP leader and Spanish Prime Minister, Mariano Rajoy, also took the stand during the trial but said he never profited from the illegal financing.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Francisco Correa jail Operaction Guertel People’s Party (PP) Spain

Post navigation

Previous FG makes N50.45bn from May bonds auction
Next Imo APC crisis: Okorocha begs Buhari again

Related Stories

32m West Africans risk displacement, $294bn needed to tackle climate crisis — ECOWAS regional heads
  • International News

32m West Africans risk displacement, $294bn needed to tackle climate crisis — ECOWAS

August 12, 2026
Global 2026 oil supply shortfall to deepen as Hormuz reopening remains elusive – IEA says IEA
  • International News

Global 2026 oil supply shortfall to deepen as Hormuz reopening remains elusive – IEA says

August 12, 2026
Oil rises as doubts over US-Iran deal heighten supply concerns reserves crude oil
  • International News

Oil rises as doubts over US-Iran deal heighten supply concerns

August 12, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Teenager Arrested in Kebbi State for Abducting Newborn Baby to Deceive Husband Police
  • Crime and Justice

Teenager Arrested in Kebbi State for Abducting Newborn Baby to Deceive Husband

August 17, 2026
Groundbreaking ‘Sundiata Post Model’ Concludes, Proposing New Lexicon for 21st-Century Journalism
  • Commentaries

Groundbreaking ‘Sundiata Post Model’ Concludes, Proposing New Lexicon for 21st-Century Journalism

August 17, 2026
West Africa cocoa sector struggles to meet EU anti-deforestation rules, raising supply concerns
  • Business & Economy

West Africa cocoa sector struggles to meet EU anti-deforestation rules, raising supply concerns

August 17, 2026
NPF arrests, repatriates Chadian fugitive wanted for murder in N’Djamena  Ekiti abductors
  • National News

NPF arrests, repatriates Chadian fugitive wanted for murder in N’Djamena 

August 17, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.