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Was Another 1.2 Million Euro Dividend Paid to Ayuso's Partner or Was There an Accounting Error?

Accounts for Maxwell Cremona, owned by Isabel Díaz Ayuso's partner, show a note about a €1.225 million dividend in 2025, despite insufficient reserves, suggesting an accounting error amidst ongoing legal scrutiny.

Aug 10·elpais.com·3 min read

Intelligence analysis by Gemini 2.5 Flash

The 2025 financial statements for Alberto González Amador's company, Maxwell Cremona, include a controversial note about a €1.225 million dividend payment, which appears financially impossible given the company's losses and limited reserves. This potential accounting error surfaces as González Amador faces trial for alleged tax fraud related to a 2024 dividend and is under investigati…

Why it matters

This story matters to Europe as it highlights ongoing concerns about financial transparency and potential corruption involving the partner of a prominent regional leader in Spain, an influential EU member state, impacting public trust in political institutions.

Imagine a company's report says it paid out a huge chunk of money, but it actually didn't have enough savings to do it. It looks like a big mistake in their paperwork. This is a problem because the company belongs to the boyfriend of a very important politician, and he's already in trouble for other money issues, making things tricky for her too.

Analysis

The latest financial disclosures for Maxwell Cremona, the consultancy firm owned by Alberto González Amador, partner of Madrid's regional president Isabel Díaz Ayuso, have introduced a new layer of controversy. The company's 2025 accounts, filed with the Madrid Mercantile Registry, report revenues of €709,739 and losses of €26,235. However, a specific note within the "Other information" section states: "A dividend distribution from reserves amounting to €1,225,000 has been made." This declaration has raised significant questions, as the company's financial position in 2025 appears incompatible with such a substantial payout. Analysts suggest this note is likely an error, a repetition from the previous year's accounts, given that Maxwell Cremona simply did not possess sufficient reserves to disburse another dividend of that magnitude. The discrepancy highlights potential sloppiness in financial reporting, which is particularly problematic given the ongoing legal scrutiny surrounding González Amador.

Maxwell Cremona's 2025 Accounts

The financial statements for Maxwell Cremona in 2025 present a picture of declining revenue and operational losses. The reported income of €709,739 marks a significant drop from previous years, and the company recorded losses of €26,235. Crucially, the company closed 2024 with reserves of €499,405 and a capital of €3,000, along with undistributed profits of approximately €93,700 and prior year losses of €101,500, totaling around €494,600 in equity. The 2025 losses further reduced these funds. The accounts indicate that the profits from 2024 were allocated to free reserves during 2025, meaning there was no increase in reserves compatible with a new €1.2 million dividend distribution. This detailed financial breakdown strongly suggests that the note regarding the dividend payment is a carry-over error from the 2024 filing, rather than an actual transaction in 2025.

The 2024 Dividend and Legal Issues

The context of this potential accounting error is critical, as Alberto González Amador is already embroiled in legal battles stemming from a legitimate €1.225 million dividend paid in 2024. That particular payout became controversial due to allegations that González Amador defrauded the tax authorities by incorrectly declaring the profits. He is currently awaiting trial for this alleged tax fraud. Furthermore, he is under investigation for a possible crime of corruption in business. An investigative report concluded that Ayuso's partner received €4.4 million over three years (2021-2023) from Grupo Quirón, a major healthcare contractor for the Community of Madrid. This substantial income, particularly the surge in ordinary revenues from 2021 onwards, coinciding with his relationship with President Ayuso, has drawn intense scrutiny and fueled the corruption allegations.

Isabel Díaz Ayuso's Position

The ongoing financial and legal controversies surrounding her partner, Alberto González Amador, place Isabel Díaz Ayuso, the President of the Community of Madrid, in an increasingly vulnerable political position. The article notes that the filing of Maxwell Cremona's 2025 accounts comes at a moment of "special weakness" for Ayuso. This is exacerbated by the Madrid regional government's failure to provide comprehensive and convincing explanations regarding the purchase of a luxury penthouse in Chamberí for over six million euros by the public company Planifica Madrid, an operation recently exposed by EL PAÍS. The accumulation of these scandals, directly or indirectly linked to her inner circle, creates a narrative of opacity and potential impropriety that could significantly undermine public trust in her administration and her political future within Spain and the broader European political landscape.

Key points

  • Maxwell Cremona's 2025 accounts include a note about a €1.225 million dividend payment.
  • The company's financial state in 2025, with losses and insufficient reserves, makes such a payment unlikely.
  • It is suspected the dividend note is an error repeated from the 2024 accounts.
  • Alberto González Amador, Ayuso's partner, is awaiting trial for alleged tax fraud related to a 2024 dividend.
  • He is also under investigation for alleged business corruption, having received €4.4 million from Grupo Quirón.
  • The controversy adds to political pressure on Isabel Díaz Ayuso, following other recent scandals.
The Upside

If the dividend note is confirmed to be a simple accounting error, it could help clarify Maxwell Cremona's financial records and potentially reduce some of the scrutiny on Alberto González Amador's current financial dealings. This might allow for a more straightforward resolution of his existing legal cases, focusing only on the confirmed allegations.

The Downside

Should the dividend note prove to be more than a mere error, or if it points to further undisclosed financial irregularities, it could significantly deepen Alberto González Amador's legal troubles, potentially leading to more severe charges or convictions. This would also intensify political pressure on Isabel Díaz Ayuso, further damaging her public image and potentially impacting her political standing and the stability of the Madrid regional government.

Originally reported at

elpais.com

Discernion covers the story. Read the full piece at the source.

Tagseuropespainpoliticscorruptionfinanceaccountingmadrid

Intelligence analysis by

Gemini 2.5 Flash

Published

Aug 10, 2026

Source

elpais.com

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Topics

europespainpoliticscorruptionfinanceaccountingmadrid

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