Two Charged with Fraud, Money Laundering and False Accounting Offences

Two Spanish nationals are set to appear before the Magistrates’ Court tomorrow

morning (31st January) following charges related to fraud and money laundering

offences.

Their arrests came after a long and complex investigation by detectives from the

Royal Gibraltar Police’s Economic Crime Unit.

David Nevado Luna of Estepona, Spain, and Francisco Cuadrado Gonzalez of

Casares, Spain, both directors of the locally registered company Victoria

Construction Ltd, were arrested in February 2024 on suspicion of Fraud by False

representation.

The allegations relate to the under-declaration of corporate and personal tax

liabilities.

Following the investigation, both individuals were charged and the company was

summoned to court as follows:

David Nevado Luna

• Two counts of Fraud by False representation relating to the under-declaration

of his personal tax liability.

• One count of Possession of Criminal Property in connection with the

possession of £77,223.79, believed to be the benefit obtained from under-

declaring income to the Income Tax Office.

Francisco Cuadrado Gonzalez

• Four counts of Fraud by False Representation, relating to the under-

declaration of his personal tax liability.

• One count of Possession of Criminal Property in connection with the

possession of £120,012.28, believed to be the benefit obtained from under-

declaring income to the Income Tax Office.

Victoria Construction Ltd

The company itself has been summoned to appear before the Magistrates’ Court to

answer the following charges:

• False Accounting, relating to the dishonest submission of corporate tax

returns to the Income Tax Office. Specifically:

• The tax return for 2018/19 falsely declared a turnover of £385,050 and

expenses of £428,713.

• The tax return for 2019/20 falsely declared a turnover of £364,800 and

expenses of £358,151.

• Possession of criminal property, specifically funds amounting to £173,574.25.

Both individuals and the company will appear before the Magistrates’ Court at 10am

tomorrow, where Luna and Gonzalez will also be appearing as directors of Victoria

Construction Ltd.