{
  "id": 7917230,
  "title": "The Court overturns Anticorruption's appeal against Urbas",
  "url": "https://urgent.news/2026/09/16/la-audiencia-tumba-el-recurso-de-anticorrupcion-contra-urbas",
  "topic": "world",
  "section": "World",
  "published": "2026-09-16T22:29:39.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/empresas/construccion-servicios/2026/09/17/6aaae5d1468aebaa758b458a.html"
  },
  "original_language": "es",
  "account": "The National High Court has dismissed all arguments made by Anti-Corruption against the acquittal of top officials and shareholders of Urbas for alleged fraud, abusive agreements and mismanagement following the capital expansion approved in 2015. The National High Court, in a comprehensive 53-page resolution published yesterday, which EXPANSION had access to, dismissed all arguments made by the Anti-Corruption Prosecution against the acquittal of top officials and shareholders of Urbas for a presumed fraud, abusive agreements and mismanagement for the capital expansion of the company approved in 2015. The court acquitted Juan Antonio Acedo, president of Urbas, his partner Juan Antonio Ibáñez, and the rest of the directors in a resolution from April 20th that the Ministry of Justice appealed. The Anti-Corruption Prosecution's claim relied on allegations of patent errors, use of non-existent evidence, omission of relevant facts, and reasoning contrary to the rules of fair criticism, which the court now dismisses. The discrepancy between the Ministry of Justice's evidentiary assessment and the trial court's may be legally defensible, but it does not prove that the latter's assessment involves arbitrariness, irrationality, patent error, or insufficient motivation. This is the sole external control that this court exercises in the constitutional and legal framework of the appeal against the acquittal sentences. Therefore, we must uphold the facts proven in the appealed sentence, thereby nullifying other allegations from the Ministry of Justice on the complaint and the assessment of the facts, the resolution states against the prosecution's appeal presented by prosecutor Tomás Herranz. The acquittal was one of the arguments used by the current board of directors of Urbas, suspended from voting, to defend the joint agreement proposal and reject the arguments of the conciliatory administrators, Kepler Karst and Auren firms, which recommend liquidation. In June, before the deadline for joining the joint agreement proposal (three-year payment plan without liquidation) expired, several Urbas creditors changed their stance and supported the plan proposed by Acedo. Among them, the investment fund Oak Hill, through various instruments, holds ordinary and subordinate debt worth 27.3 million euros. Oak Hill's support came shortly after Attijariwafa Bank, another major financial creditor of Urbas, declared a debt of 25.3 million euros. With these supports, the company headed by Juan Antonio Acedo declared the backing of 61.57% of shareholders.",
  "summary": "The National Court has rejected all the arguments used by Anticorruption against the acquittal of senior officials and shareholders of Urbas for alleged crimes related to the construction company's capital increase approved in 2015.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}