A recent investigation has brought to light allegations against Cristóbal Montoro, Spain’s former Minister of Finance, suggesting he facilitated tax benefits for gas companies during his time in office. According to reports from the Mossos d’Esquadra, Montoro introduced a law in September two thousand fourteen that provided significant fiscal advantages to these firms, a move that caused friction within the government led by Mariano Rajoy.

The inquiry reveals that Montoro had deeper interests in pushing this legislation. Back in two thousand thirteen, gas companies sought inclusion in an eighty-five percent reduction of the electricity tax. When rejected by the Ministry of Finance, the companies turned to Montoro’s consultancy, Equipo Económico, which allegedly helped them secure favourable modifications in exchange for substantial fees, allowing the companies to save millions.

Further investigation shows that between two thousand eleven and two thousand nineteen, gas companies paid nearly eight hundred thousand euros to Equipo Económico. This has raised suspicions about similar dealings with other industries such as construction and energy. Noteworthy sums were identified, including over one million euros from Red Eléctrica Española and significant amounts from other firms linked to the energy sector.

The investigation suggests that Montoro’s close connections with the consultancy may have influenced legislative processes, further complicating matters regarding potential conflicts of interest. The inquiry is ongoing, as authorities continue to sift through the intricacies of alleged financial misconduct that span multiple sectors and years.