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Non-Tech : GENI: GenesisIntermedia.com Inc

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Nov 7 9:30 AM EST

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From: StockDung	4/17/2002 11:19:43 AM
	of 574

KHASHOGGI HOMETOWN NEWS; Soccer-Six more held in jail in probe over Gil alleged fraud MADRID, April 17 (Reuters) - Six other people have been held in prison as a result of the investigation into the alleged misappropriation of public funds by Atletico Madrid president Jesus Gil, court sources said on Wednesday. The Atletico Madrid president, who is also mayor of the wealthy Mediterranean resort of Marbella, was jailed on Tuesday after he was accused of siphoning off 27 million Euros ($23.77 million) of municipal funds for his own use and of falsifying a number of documents. Gil is being held at Madrid's Alcala-Meco prison until Friday when anti-corruption prosecutors are due to complete investigations. The court will then decide whether he will be held to await trial or released on bail. The six others being detained by the authorities all held posts in the Marbella town council or have been employed by Gil himself. The Atletico president's son Miguel Angel Gil has made a plea that the events should not be allowed to affect the fortunes of Atletico Madrid, who lead the second division and are on course for a return to the top flight. "The sad thing is that the club is being mixed up with this war," he told reporters on Wednesday. "Atletico Madrid should be kept clear of this problem. "This should not affect the team because the case refers to matters concerning the Marbella local council and to people who have nothing to do with Atletico Madrid." The flamboyant mayor is no stranger to controversy and has been involved in a string of legal battles since he took over as Atletico president in 1987. Last week, in a separate case the high court seized assets valued at $165 million ahead of a trial related to an investigation into alleged irregularities committed during the transformation of Atletico Madrid into a public limited company. Gil is accused of misappropriation, fraudulent accounting and the signing of falsified contracts at the second division club, where he and his son, Miguel Angel, and vice-president Enrique Cerezo hold 94.5 percent of shares. This is the third time Gil has been imprisoned. He was first jailed in 1969 after one of his buildings collapsed, killing 58 people. He was given a five-year sentence for criminal negligence but was released after just 18 months following a pardon from dictator Francisco Franco. He was also sent to jail in 1999 amid an investigation into Atletico's shirt-sponsorship deal with the town of Marbella. He denied all allegations and was released on bail after less than a week. 04/17/02 09:51 ET

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