The judge of the National Court José de la Mata has ordered the arrest of 11 people and several records in six provinces in the framework of the macrocause that investigates the fraud of the iDental clinics. Two of the arrested are the founders of the company and one of them was in the United Kingdom.
The detainees are accused of fraudulent administration, belonging to a criminal organization, continued fraud, misappropriation, property uprising, documentary falsification and money laundering.
According to the investigation directed by the head of the Central Court of Investigation number 5, the suspects captured funds from international investors and credit institutions with the apparent intention of buying and refloating companies in crisis. But in reality they decapitalized and diverted funds for personal enrichment. The amount of the defrauded could exceed 60 million euros.
In addition to the 11 arrests already made – although legal sources suggest that the number could rise to 19 in the next few hours -, last night UDEF agents have also practiced searches in Madrid, Alicante, Murcia, Granada, Gerona and La Coruña
Since last summer, when the National Court assumed the instruction of iDental fraud, the judicial investigation has outlined other criminal acts linked to the last administrators of the clinics, since the detained persons were able to create a corporate structure to raise funds through companies in crisis, in which they supposedly invested to reflate them.
However, their main objective, according to the researchers, was their own personal enrichment, through the funds disbursed by different national and foreign investors, knowing the economic viability of these investments and to the detriment of workers, suppliers and customers. The total amount of the defrauded could exceed 60 million euros.
TESTAFERROS, COMPANIES SCREEN AND BRIDGE ACCOUNTS
In some cases, those investigated relied on the connivance of employees of credit institutions that were in charge of granting the necessary loans to make the investments. The members of the organization progressively decapitalized the companies and, through figureheads, screen societies and bridge accounts, hid the final destination of the money.
In the case of iDental, the people investigated would have cheated the patients, who made them hire loans to finance their dental treatments, with supposed discounts of up to 80%, at the expense of inflating the budget and based on supposed subsidies from public bodies state non-existent and very aggressive marketing policies.
The detainees include the two founders of the iDental group, one of whom has been arrested in the United Kingdom with the collaboration of the British authorities. Apparently, this person would be planning to implant new dental clinics in that country.
The macrocause of iDental was assumed by De la Mata last summer due to the magnitude of the investigation and that affects almost all the autonomous communities, where the company had opened clinics. The judge has decided to structure the case by opening separate pieces for each of the complaint processes initiated – whether individual or group – and already total more than 1,500, all of them for alleged crimes of continued fraud, misappropriation, forgery, administration fraudulent, injuries, against public health, lifting of assets and money laundering.