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The Government submits to Congress a report on measures taken in the Forum and Afinsa

Madrid, 29 ago (EFE) .-

The Government agreed today to submit to the Congress the report updating the actions and protective measures taken in the face of about 450,000 affected the alleged scam Forum Filatelico and Afinsa, who have access to credit on special terms from April 2007.
According to the official reference of the Council of Ministers, "the report is clear the government's effort, as well as the Autonomous Communities to serve, assist and protect citizens affected "by the courts of both companies investment in tangible assets, the May 9, 2006.
The Deputy Prime Minister Maria Teresa Fernandez de la Vega, the report shows that all affected now "have credits Official Credit Institute in special conditions, a common defense and coordination which also involved the government."
The latest enhancement established the Forum and Afinsa clients could access loans of up to 6,000 euros provided to cover a maximum of 17.5 percent of the amount owed the two companies. In the past, covering to 15 percent of investments, with a limit of $ 3,000.
Justice has decided to liquidate when Philatelic Forum, whose assets covering up to 25 percent of what customers owe.
In particular, last July the commercial court ruled that Santiago Senent Philatelic Forum will be liquidated by not admitting to act on the proposal by the investment firm in tangible assets to pay its customers and creditors that it violates the law.
The owner of the Commercial Court of Madrid number 7 then noted that the proposed creditors' agreement would not return cash savings of investors and the rest creditors, while dependent on "a series of events that are real conditions, content that violates the provisions of the bankruptcy law."
insolvency administrators appointed by the court to manage the Forum in September will present the plan to sell the assets of the company, which only serve to cover up to 25% of debts.