The Anti-Corruption Prosecutor's Office has requested a four-year prison sentence for former SGAE president Teddy Bautista for a crime of fraudulent administration of the entity's funds. In the indictment filed at the National Court, the prosecutor also claims that Bautista compensates the SGAE with 29.8 million euros .
The accusation occurs within one of the branches of the investigation around the General Society of Authors and Publishers, in particular the one referring to the Arteria project , focused on investments in the purchase of theaters. Under the leadership of Bautista, the SGAE d paid 259.4 million euros . The most substantial operation is precisely the one that focuses the indictment: the ruinous purchase of the Coliseum and Lope de Vega theaters , in Madrid's Gran Vía.
The prosecutor maintains that the purchase was promoted by Bautista taking advantage of his almost absolute control of the entity. And that the 84.1 million he paid in 2009 was an exorbitant price clearly out of the market. Anticorruption estimates an overprice of 29.8 million in the operation. As the investigation revealed, the vendors said after receiving the Bautista offer that they had touched "the lottery." The offer they had previously received from the company that was currently operating the theaters did not reach 50 million. In 2011, SGAE ended up selling theaters for 50.1 million.
The accusation adds to the one that the Prosecutor's Office already presented in 2017, in which he requested seven years in prison for Bautista and 12 and a half for his partner José Luis Rodríguez Neri for the fraud committed in the SGAE in the main piece of the case.
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