The ex President of the Baleares Government and ex PP Environment Minister, Jaume Matas, who has been sentenced to six years in prison for corruption, and who is appealing that verdict to the Supreme Court, declared himself in a statement to a Madrid Court on Tuesday that he is bankrupt. The reason he has done this is to try to protect his three properties, including a small palace in the centre of Palma where he made his home after expensive reforms. Bank debts generated to meet his 3 million € bail have led to possible loss of the property, and now Matas wants two of the properties to be accepted instead of 500,000 € retained. The public sale of the Palma Palace is going ahead from the Banco de Valencia, which is controlled currently by the Bank of Spain. Matas is now living in rental accommodation in Madrid in a property owned by one of his alleged front men with his wife and his three children. His wife, Maite Areal, is also indicted in the case.
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