Tuesday, 5 July 2011

Spanish Software Company Caught Up In Fraud Investigation

One of Spain's leading software development companies, Microgénesis, has been caught up in action by Spanish anti-corruption investigation. The Spanish performing rights, royalties collection and anti-piracy body SGAE saw its board of directors arested and taken away for questioning and their files seized during a raid on their headquarters in Madrid last week. The president of the SGAE was taken away in handcuffs by the police but later released pending charges. Microgénesis, which boasts many large and well-known clients, was part of a network of companies run by the organisation and members of the directors' families, which received funds from the SGAE. According to reports in online newspaper Público the directors of the firm, which has been operating for 19 years, and is well known for open-source solutions and use of agile methodologies, were arrested as part of the investigation.

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