Saturday, February 4, 2012

OPEN LETTER TO SR. MARIANO RAJOY

Dear Sr. Rajoy

Congratulations on becoming the new Spanish President.

Our website and petition - www.bankguaranteesinspain.com - is representing all those innocent people who attempted to purchase an off-plan property in your wonderful country.

Unfortunately due to the lack of supervision by the Banco de España and the systemic corruption in the Property and Banking Sectors we are now victims of Bank Guarantee Abuse.

Our off-plan deposits have been stolen by the corrupt developers and negligent Banks. LEY 57/1968 has not been enforced and the Banco de España has failed in its role as the SUPERVISOR OF THE SPANISH BANKING SYSTEM.

Your court system is overloaded and cannot deal with the number of cases. On many occasions Judges are failing to apply LEY 57/68 correctly in their judgements.

LEY 57/68 was introduced in 1968 to protect the purchaser from the abuses and corruption in the property sector.

The rights granted to us by LEY 57/68 are 'Caracter de irrenunciables'. Our rights have been violated.

In your 100 Proposals for Change you make several references to transparency, trustworthiness, credibility and consistent justice. For example:

"A modern state must guarantee values of certainty, legal security and legal trust"

"rigorous tackling of many of the problems which have so far been ignored"

"We must restore our trustworthiness and credibility in the world"

"greater answerability backed up by full transparency"

Your document concludes by stating:

"We must recover our leading role abroad as a reliable, dependable and respected partner. The economic and institutional reforms we are going to undertake will contribute to international respect for Spain and its international role as an advanced Western democracy that is committed to freedom, democracy and the defence of human rights"

To achieve this you must immediately tackle Off-Plan Bank Guarantee Abuse and ensure LEY 57/1968 is enforced in all cases – past, present and future.

During the past year we have been in contact with the advisors of the former Housing Minister - Sra. Beatriz Corredor.

We look forward to working with your Housing Minister, Minister for the Treasury and Minister for Economic Affairs and Competitiveness to ensure that Off-Plan Bank Guarantee issues are resolved and measures are put in place so this corruption and abuse can never happen again.

Please take a look at our website - www.bankguaranteesinspain.com - and feel free to contact me by email: keith@bankguaranteesinspain.com

Yours sincerely


Keith Rule

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