5 years after the primary OpenLux revelations, a brand new investigation led by OCCRP, a worldwide community of investigative journalists specializing in corruption and arranged crime. (Supply in Spanish) and the French each day newspaper Le Monde. (Supply in Spanish) Re-scrutinize the id of Luxembourg-registered firms and their useful house owners.
The survey was carried out by journalists from 16 worldwide media retailers utilizing InfoLibre. (Supply in Spanish) Taking part and publishing solely in Spain – We examine and reveal what occurred to a few of the company constructions recognized in 2021 New instances involving Spanish nationals Partnering with firms from the Grand Duchy.
They embrace businessmen, aristocrats and figures linked to Spanish politics who “selected the benefits of Luxembourg’s opacity and tax system to handle their funds.”
Puyol’s grandson to Amancio Ortega
One of many names showing on this new work is Jordi Puyol GironesGrandson of former Catalan president Jordi Puyol. In response to analysis, he owns 50% of Casa de Datos SCSpa particular restricted partnership in Luxembourg in collaboration with an Italian companion. One of these group doesn’t need to file annual accounts, so its actions and investments should not recognized to the general public.
The investigation can also be reviewing firms linked to Amancio Ortega. By 2021, Inditex’s founder had already arrange an organization in Luxembourg to handle worldwide actual property investments. One of many firms, central London workplace constructing proprietor Adelphi Property Salle, was dissolved in December 2024 after transferring its property to a different UK group firm.
On the time, the enterprise group defined that “the Adelphi constructing will probably be transferred to a British firm and the Luxembourg firm is prone to be liquidated,” a plan that was in the end carried out.
Property over 10 billion euros
One other firm analyzed, Hills Place Sàrl, continues to function outdoors Luxembourg. In response to its 2024 accounts, its property quantity to greater than £2.4 billion, which equates to greater than €2.8 billion.
However that’s not the one construction related to the Galician businessman. In response to analysis, Ortega is presently 9 extra firms registered in Luxembourgmost of them kind a part of his property holding firm Pontega Dea. A few of them had been created after the primary “OpenLux” publicity. Newest Pontegadea Logistics Holdings Sàrl has been registered In April 2026.
Amongst these firms, Pontegadea Luxembourg Sàrl stands out. The corporate reported property of greater than 7 billion euros in 2024. The corporate holds shares within the following firms primarily based in Luxembourg and different international locations: America, Italy, Eire.
In abstract, the businesses through which Mr. Ortega is the final word useful proprietor in Luxembourg maintain useful property. Greater than 10 billion eurosin keeping with information referenced within the examine of the Luxembourg Commerce Register.
the Aristocracy, the Aristocracy, athletes
The investigation additionally focuses on a Spanish aristocrat who selected Luxembourg for a few of his monetary operations. Amongst them was José Luis Cotonel Martos, Marquis of Belgium, son of the Nice King of Spain and chief of Juan Carlos I.
In response to paperwork reviewed by journalists, Cotner owns 100% of the holding firm, which relies on the outskirts of Luxembourg and has property of greater than 27 million euros. He was additionally convicted of tax evasion in Spain.
The examine authors added: (Supply in Spanish) It mentioned it plans to launch additional studies within the coming weeks. “Businessmen, former high-level bureaucrats, aristocrats, athletes” “and different well-known Spanish individuals or individuals linked with Spain” and working by company organizations within the Grand Duchy.
