Fri. Apr 19th, 2019

The Tivissa Cooperative blocks the savings of all its partners

La Cooperativa de Tivissa bloquea los ahorros de todos sus socios

The credit section of the Cooperativa Agrícola de Tivissa, in the Ribera d'Ebre, Tarragona, has "temporarily" ceased activity and has blocked the bills of all his partners depositors, around seventy. The board of directors of the entity announced its partners Monday night the decision to close your cash and file the pre-creditors' meeting.

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An auditor, hired by the cooperative, is analyzing the accounts of the credit section for the years 2017 and 2018 because it is suspected that there is a "notable difference" between liabilities and assets, with a possible economic hole that has not yet been has been able to specify. With the results of this audit on the table will decide what actions to undertake.


Pending a feasibility plan with sales that do not bear fruit

For months, the Tivissa cooperative has been trying to channel a viability plan that includes the sale of part of its assets, offering real estate, to gain liquidity and to be able to return the deposits of the depositing partners. The negotiations with buyers interested so far have not borne fruit.

The situation of the cooperative has come to light shortly after the director of its credit section was found dead, just two weeks ago, in Tivissa. The Departament d'Economia detected a year ago irregularities in the accounts of the credit section and opened a sanctioning file, according to confirmed sources familiar with the case.

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