Former Spanish PM Zapatero investigated in influence peddling case - Headlines news and analysis from Global Banking & Finance Review
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Former Spanish PM Zapatero investigated in influence peddling case

Published by Global Banking & Finance Review

Posted on May 19, 2026

2 min read

· Last updated: May 19, 2026

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Former Spanish PM Zapatero investigated in influence peddling case

Investigation Details and Political Context

MADRID, May 19 (Reuters) - Former Spanish Prime Minister Jose Luis Rodriguez Zapatero is being investigated for alleged influence peddling and related crimes, the country's High Court said on Tuesday.

High Court Actions and Testimony

Zapatero's office in Madrid was being searched alongside three other premises, the court said in a statement, adding the former premier had been summoned to testify on June 2.

Political Implications for the Socialist Government

Zapatero is a key ally of current Socialist Prime Minister Pedro Sanchez and the case piles more pressure on Sanchez, who is already dogged by a corruption investigation into alleged kickbacks involving key members of his inner circle, as well as probes involving his wife and his brother.

The Plus Ultra Case

The investigation is part of the so-called Plus Ultra case, linked to a state rescue worth 53 million euros ($62 million) in 2021 of the domestic airline Plus Ultra through state holding company SEPI during the COVID-19 pandemic.

Controversy Over the Airline Bailout

The bailout became politically controversial because critics said Plus Ultra was not clearly strategic, had weak finances and links to Venezuelan shareholders. The High Court is examining whether the aid was properly approved.

Zapatero's Business Ties and Denials

The conservative opposition People's Party has repeatedly criticised Zapatero's business ties in Venezuela in the years after leaving government. Zapatero has denied any wrongdoing before a lower house committee.

Background: Zapatero's Tenure as Prime Minister

Zapatero led Spain between 2004 and 2011, winning two absolute parliamentary majorities.

($1 = 0.8597 euros)

(Reporting by David Latona; Editing by Charlie Devereux)

Key Takeaways

  • Zapatero is being investigated by the Audiencia Nacional over alleged laundering and illicit commissions tied to the 53 million euro rescue of Plus Ultra (cadenaser.com)
  • He has already acknowledged receiving over €400,000 over five years for consultancy work via Análisis Relevante, and admitted employing his daughters in that firm, though he denies wrongdoing (cadenaser.com)
  • The probe escalated in March under Judge José Luis Calama due to suspicions of shell companies and covert funds, prompting political backlash from opposition figures (brusselssignal.eu)

References

Frequently Asked Questions

Who is being investigated in the influence peddling case?
Former Spanish Prime Minister Jose Luis Rodriguez Zapatero is being investigated.
What charges is Zapatero facing?
He is being investigated for alleged influence peddling and related crimes.
What actions did the High Court take in the case?
The Spanish High Court searched Zapatero's Madrid office and three other premises.
When is Zapatero expected to testify?
Zapatero has been summoned to testify on June 2.
Who reported and edited the article?
The article was reported by David Latona and edited by Charlie Devereux.

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