Spain anti-fraud office brings embezzlement charges against Avanzit ex-chairman

MADRID (AFX) - The government's anti-fraud office has brought official charges against Avanzit SA ex-chairman Juan Bautista Perez Aparicio regarding the alleged embezzlement of 1.45 mln eur of company funds, El Pais reported citing the government agency.

El Pais said the anti-fraud office was accusing Perez Aparicio of transferring the funds to his 90 pct-owned Gurugu Inversiones fund, while he was Avanzit Tecnologia SLU's director in 2002.

Following his resignation in December, Perez Aparicio denied the allegations stating that the funds were a bonus which the company gave him in 2002, "so that I would not sell my shares in the company ... but the amount is incorrect."

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