The courts in Las Palmas de Gran Canaria are delving into a possible criminal offence related to the sale of the Anfi del Mar company to Lopesan Group, following a lawsuit filed by several shareholders of Grupo Santana Cazorla (GSC).
In December 2021, Manuel Santana Cazorla sold 50% of his rights in the family business conglomerate to IFA Touristik, a subsidiary of Lopesan. This meant that Lopesan acquired an additional 25% ownership of Anfi del Mar, which boasts two timeshare resorts in Mogán (Gran Canaria), in addition to the existing 50% already in its possession.
Essentially, with this transaction, Lopesan would control a significant 75% stake in Anfi.
As reported by Atlántico Hoy, Judge Alberto Puebla now sees indications that a crime of mismanagement may have occurred in the operation. Specifically, there is suspicion that Manuel Santana conducted the transaction without the knowledge of the other GSC partners, resulting in "clear harm to them."
The court is investigating whether this lack of transparency in the sale constituted a breach of fiduciary duty, potentially leading to legal consequences for those involved.
The investigation is ongoing, and further details regarding the alleged wrongdoing and its impact on the shareholders will be revealed as the legal proceedings progress.
The sale of Anfi del Mar has become a subject of legal scrutiny, and the court aims to determine the veracity of the accusations against Manuel Santana Cazorla and its implications on the business dealings between the parties involved.
