The ERVA has filed a criminal complaint, with date of 7th of November 2011, against Danske Bank, Nordea Bank, N M Rothschild & Sons, Lex Life & Pension, Landsbanki, Jyske Bank, Finansbanken, Nykredit, Sydbank y Swiss Life, for allegedly conspiring to defraud hundreds of retired people by knowingly, without belief in its truth or reckelessly and carelessly whether it be true of false, attributing specific qualities to a product known as “Equity Release”. These qualities, both proven to be wrong, were that the would a) provide an income and b) allow to lawfully dodge Spanish taxes.

A press release is taking place today, at 17.30, in Marbella, where the press will be made aware of the content of the claim, which is to be posted here shortly.