# Julio Iglesias' brother jailed for tax fraud 9 October 2026 at 09:22 > Spain's Supreme Court upholds a six-month sentence for Carlos Iglesias after he defrauded the Treasury of €19m through a shell company. The [Spanish Supreme Court]() has upheld a six-month prison sentence for **Carlos Iglesias de la Cueva**, brother of singer Julio Iglesias, for defrauding the Treasury of €19 million. The ruling confirms he failed to declare a 2001 land sale in Madrid via a shell firm. The court found **Rolimpa Trading Corporation**, a Panamanian entity owned by Iglesias, sold plots in [Vicálvaro]() for €46.2 million despite purchasing them for just €601,012. Judges rejected claims of tax residency in Panama and dismissed professional secrecy appeals. Iglesias must now indemnify the [Public Treasury]() for €19.6 million plus interest and pay a fine worth half the defrauded sum. The court ruled that the Panamanian company was a mere vehicle for illicit conduct, ensuring the tax crime had not prescribed by law. #CarlosIglesias #TaxFraud [#Spain]() [#SupremeCourt]() #FinancialCrime ## Related news ## [Spain to announce 2027 pension rise in November]() 10 October 2026 at 08:26 ## [Zaragoza named European Green Capital 2028]() 9 October 2026 at 18:42 ## [Spanish Supreme Court voids private university law]() 8 October 2026 at 18:21 ## [Puigdemont arrest warrants suspended by Llarena]() 6 October 2026 at 13:49 ## [State Attorney appeals Spanish exile voting halt]() 22 September 2026 at 12:21