Cristóbal Montoro has been the Spanish politician who has held the chair of Minister of Finance for the most years. But there was a stage between 2004 and 2008 in which, in addition to founding 'Montoro and Associates' with its former collaborators, he held a seat in Brussels and was part of the Luxembourg pension fund of which he charged almost 78,000 euros in 2019. The fund articulated through a co -financed SICAV in those years with community funds and for which less than 1% was paid for 1% in taxes. A year before collecting the money, shortly before Mariano Rajoy lost the government, the surroundings of Montoro said that the still minister had renounced that money that finally charged a year later.
Montoro was Eurodiputa in Brussels for four years. He held the fifth position of the PP list between Ana Mato and José Manuel García-Margallo and was part, above all, of the Economic Affairs Commission of the MEPwhere he had 17 plenary interventions, asked 20 parliamentary questions and was a speaker of a report. The same stage in which the office subsequently baptized as an economic team and now investigated by the courts founded in 2006. A period that earned him to access one of the great sources of income in politics: Euro Pensions.
The system used by Brussels parliamentarians in those years to channel their pensions was unveiled by infolibre in 2014. A variable capital investment society (SICAV) based in Luxembourg where for every two euros contributed by each MEP for its future pension, the European Parliament contributed one. All with a very favorable tax regime: 0.01% of the value of its net asset.
The political earthquake took political leaders like Willy Meyer (United Left) and focused on the parliamentarians who had taken advantage of this system. At that time one of them was Cristóbal Montoro, then Minister of Finance in the first legislature of Mariano Rajoy and a member of the government that froze pensions in Spain. In the first months of 2018, a spokesman for Montoro affirmed infoliber that had renounced that money.
The summary of the Montoro case, nourished above all of documentation seized to economic team and the companies investigated, collects information on the politician of the politician in recent years. And in May 2019, less than a year after leaving the government, he received an income from Luxembourg of 77,934.77 euros. The concept, in French, is “Pension Complémentaire” and the surroundings of Montoro has confirmed The independent That, indeed, it is the same pension that said a year before I was not going to collect.
In his years as a deputy, while the PP was in the opposition and he in Congress, Montoro charged money from the Courts, the party itself and the parliamentary group but also of FAES and several foundations linked to banks and universities and private institutions. He was not the only person who charged money from Luxembourg, according to the summary. Between 2009 and 2012 Luis de Guindos had economic transactions of hundreds of thousands of euros in that country, a stage where he worked for Lehman Brothers or PWC.
