Skip to content
October 27, 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

West ​‌‌‌⁠‍‍⁠⁠‍‌‌‌⁠‍​‍​‌​African regulators seek unified fuel standards Taliban
  • Business & Economy
  • International News

West ​‌‌‌⁠‍‍⁠⁠‍‌‌‌⁠‍​‍​‌​African regulators seek unified fuel standards

October 26, 2026
Ebola scientists to probe Nigeria case origin, Africa CDC says lives and livelihoods
  • International News

Ebola scientists to probe Nigeria case origin, Africa CDC says

October 26, 2026
AFRICA-FX-Nigerian and Ugandan currencies under pressure, others stable
  • International News

AFRICA-FX-Nigerian and Ugandan currencies under pressure, others stable

October 23, 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

Death toll in Taraba terror attacks rises to 62, thousands flee homes Terrorists in Sambisa forest
  • National News

Death toll in Taraba terror attacks rises to 62, thousands flee homes

October 27, 2026
Economy: CBN as a ‘gyrostat’, by Arize Nwobu
  • Business & Economy

Economy: CBN as a ‘gyrostat’, by Arize Nwobu

October 27, 2026
AI dey waka for Nigeria market: An AI awareness campaign in major Nigeria languages, by Chris Uwaje
  • Business & Economy

AI dey waka for Nigeria market: An AI awareness campaign in major Nigeria languages, by Chris Uwaje

October 27, 2026
Update: How South Africa police nabbed two Nigerians for allegedly printing fake currencies
  • Crime and Justice

Update: How South Africa police nabbed two Nigerians for allegedly printing fake currencies

October 27, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.