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Without interpretations and with the data contributed by the San jOse Group in the meetings of shareholders, a critical sector with the direction of the company has demonstrated that the direction “falsified the accounts”, since in the Mercantile Registry totally different numbers appeared. This group of investors has denounced who the balance of approved Inversol and Imperium in the assemblies celebrated from the 2003 anything has to do with which they were justified in the enterprise organism. In this way, the mercantile Imperium in its first year of existence, exhibited its partners who arranged in treasury of six million Euros, whereas in the official balance they only appeared 650,000 Euros.
The discordance between balance is reflected in the two companies of the group with greater shareholders, in Imperium exist more than 760 partners with an initial value of about 14 million Euros, in Inversol the investing partners are around 600, but with less capital invested. In any case, the group of investors, independent to the faction who leads the ex- advisor, Francisco Rodriguez, is not created the accounts that the direction administration presented/displayed the last week, reason why besides asking for more information it pleads for a transparency at the time of approving the balance annual.
In the case of Imperium, mercantile constituted in the 2005 but that began with its commercial activity in the 2006, the accounts “they do not lie”. The advice presided over by Jose Rodriguez took to the assembly of partners of the past year the results of the 2006. Between the chapters that draw attention more, is the working capital where the treasury number in almost six million Euros. The official accounts of this organization suggest a balance of 650,121 Euros. For this reason, the partners critics denounce that “he cannot have a so great phase angle”, and in addition add that “in a single year it is not possible to be invested or to be spent more than 14 million, this is symptom of a bad management”.
As far as the section of indebted Imperium Urbanitas SA he presented/displayed a total of 826,000 Euros. In first term only he had money to Property by IVA. Unreal data because the indebted ones to date of 1 of January of the 2007 had to pay to the branch of San jOse more than six million Euros.
For this critical sector, that supposes around a million Euros of the share capital of the company, it is significant that “in so few years the money has been reduced to realise maneuvers and they have been spent more than 14 million Euros”. In the assembly of the past Thursday the direction presented/displayed a treasury with 200,000 Euros and a total post to indebted by near five million Euros.
The documentation enters which has had access the Truth, also are the results of Inversol, another one of the companies with more capital of the real estate group and that has bought diverse lands that at present are paralyzed. The complexity in the accounts of this mercantile one is in which “they have been varied the numbers from chapters to others to make up the operations”, explains Brown Miguel, who defines that “in this company the cost of capital has been realised of form more progressive than in Imperium”.
In the first balance of the 2004, when the organization begins with its activity of land transaction and real estate investments, the differences are felt in the first economic measurements.
In the period of the 2004 investing partners, who approved the accounts in June of the 2005, they observed the balance with a treasury of 3.4 million Euros whereas the Mercantile Registry received an amount of liquid of 56,000 Euros. The differences also were in the organisms that had money to this society. Public property was indebted by about 73,000 Euros, whereas an amount of indebted was registered officially by more than 3.4 million Euros.
The numbers also danced in the period of the 2005, since the assembly of shareholders saw how the treasury of Inversol counted 1.2 million Euros, a total different from which received the Mercantile Registry, where it put like post of working capital in treasury 1.2 million Euros. Indebted the real ones of this period were of 2.5 million Euros, whereas the partners and owners of the company gave the approval to the amount of 73,000 Euros.
Really, the numbers that have been exposed in the assemblies of the last years of the companies of San jOse have varied between which the direction proposed and soon it registered. To this competing nucleus him cause still more mistrusts than to the salary been in the offices of the group has not facilitated them information, “still knowing full well that we have all the right to examine them”.
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