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A PSOE deputy has a firm that executes mortgages for vulture funds and does not declare it "for laxity"
Spain🏛️ PoliticsProgressiveOverlooked by conservativesyesterday

A PSOE deputy has a firm that executes mortgages for vulture funds and does not declare it "for laxity"

A Socialist Party (PSOE) deputy, Joaquín Martínez Salmerón, has been revealed to have founded and previously managed a law firm specializing in executing mortgages and evicting families to transfer properties to vulture funds. This comes amid the Spanish government’s efforts to protect vulnerable households and curb the power of large investors through new housing decrees. The deputy, who once chaired the Lower House’s Justice Committee, is now associated with a firm handling mortgage executions for international investment funds like Apollo via Luxembourg-based entities. His financial disclosures show significant income from professional services and property ownership, including multiple residences and luxury assets.

A Spanish Socialist Party (PSOE) deputy has been revealed to have operated a law firm specializing in executing mortgages for vulture funds, which he failed to declare due to negligence, according to reports. The deputy, Joaquín Martínez Salmerón, founded and was a partner in the law firm Martínez & Salmerón Abogados, which currently manages mortgage executions for debt portfolios purchased by the American vulture fund Apollo through Luxembourg-based entities such as AP Malbec Bidco and AP Oxygen Bidco. The firm maintains exclusive email boxes to handle evictions for this international investment fund. Martínez Salmerón’s financial disclosures show he earned €173,816.42 in professional fees in 2022, plus €21,600 in income from his own company, Martínez & Salmerón Abogados SLP. His earnings continued into 2023, with over €135,000 in professional services revenue during the first three quarters of that year. He holds substantial liquidity, including bank deposits and funds totaling €662,839.97. His wealth extends beyond cash, with property holdings in Murcia, including a home with three parking spaces, an apartment, and another parking space. In Cieza, he owns a rural house with two garages and holds half ownership of another rural property. His law firm, in which he holds 282 shares valued at more than €86,000, also owns four apartments, offices, and several parking spaces in Murcia. His lifestyle includes luxury items such as a BMW Serie 4 G Coupe, a BMW X3, a Jeanneau Leader 8 boat, a BMW Serie 5, and a new Range Rover Velar, some of which are registered under his firm's name. Despite these assets, Martínez Salmerón omitted Jomasa Geluk, a real estate company with nearly €1 million in initial capital, from his congressional declaration. He became its sole administrator in late 2023. This omission conflicts with the transparency regulations of Congress, potentially labeled as negligence by his associates.

How this report was made. Objective News wrote this report from 2 source articles, using AI-assisted synthesis under our methodology. It is our own text, not a copy of any single outlet. Read our methodology.

Responsible editor: Matej BašaSpotted an error? Report it

2 reports

El Confidencial logoEl ConfidencialIndependent🔒ProgressiveFactual 95Objective 654 days ago
A PSOE deputy has a firm that executes mortgages for vulture funds and does not declare it "for laxity"

A Socialist Party (PSOE) deputy, Joaquín Martínez Salmerón, has been revealed to have founded and previously managed a law firm specializing in executing mortgages and evicting families to transfer properties to vulture funds. This comes amid the Spanish government’s efforts to protect vulnerable households and curb the power of large investors through new housing decrees. The deputy, who once chaired the Lower House’s Justice Committee, is now associated with a firm handling mortgage executions for international investment funds like Apollo via Luxembourg-based entities. His financial disclosures show significant income from professional services and property ownership, including multiple residences and luxury assets.

Bias read (Progressive): The article highlights a contradiction between the PSOE’s public stance on housing rights and the private interests of one of its deputies, which could undermine the party’s credibility on this issue. The framing emphasizes the disparity between the deputy’s political advocacy and his personal profi

Why factuality (95): The article provides specific details such as the name of the MP, Joaquín Martínez Salmerón, his law firm, and its involvement with the Apollo fund through Luxembourg-based entities. These claims appear to align with cross-source consensus if similar reports exist from other outlets like La Verdad d

Why objectivity (65): The article uses emotionally charged language such as 'fondos buitre' (vulture funds) and frames the situation as a contradiction between the MP’s public stance and private interests. This suggests a biased perspective rather than a strictly neutral reporting style.

Público logoPúblicoIndependentProgressiveyesterday
Evicted from their homes by those who should protect them: when administrations use 'vulture funds'

The article discusses cases where local administrations have acted as 'vulture funds,' evicting residents from their homes despite being responsible for their protection. It highlights situations where public authorities, rather than providing support, have taken actions that resemble those of private entities seeking to profit from financial distress. The piece raises concerns about the role of these institutions and the impact on vulnerable populations.

Bias read (Progressive): The article criticizes public administration for acting against the interests of citizens, using strong language such as 'fondos buitre' (vulture funds), which implies exploitation and greed. This framing suggests a critique of current governance structures and aligns with left-leaning perspectives.

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