Categories: Business

President of the Spanish Olympic Shooting Federation sentenced to two years in prison for embezzlement

Second Section of the Provincial Court of Oviedo was sentenced to two years’ imprisonment for the long-term crime of embezzlement President of the Royal Spanish Olympic Shooting Federation Miguel FrancesJudicial sources told EFE about this.

Frances was also sentenced to be banned from holding positions in sports federations while serving his sentence.

Against the resolution an appeal may be filed in the Civil and Criminal Chamber of the High Court of Asturias.

During the trial last October, Frances, accused of seizing money in Asturias in 2017 and 2018when he ran this enterprise, he claimed that it was used to pay off the debts of the national company as it was “on the verge of bankruptcy.”

During his speech he also He denied misappropriating any amount and defended his “honesty.”.

According to his testimony, the Olympic Shooting Federation of the Principality of Asturias paid in cash. expenses that the Spaniards could not cope with because it was bankruptsuch as arrears of wages for employees of the Granada Center for Excellence and renting an apartment in Madrid and others.

These payments were made on accountsettlement of FETPA’s debt to the Spanish Federation in 2016 for payment of licenses, which was repaid in 2018, according to testimony from former employees of both sports enterprises.

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