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After rejecting his appeal, Enrico Macias had to repay the loan of 30 million USD



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Thursday, the Court of Appeal of Luxembourg dismissed the appeal presented by French singer Enrico Macias in the case against the liquidator of Luxembourg Landsbanki Bank, told AFP. As a result, the artist will have to repay the 30 million euros of loan contract in 2007.

French singer Enrico Macias is now required to repay the 30 million euros he owes the Luxemburg Luxembourg bank, following the rejection of his appeal by Luxembourg's appeal court, AFP learned from Yvette Hamilius, a liquidator of the said bank. Landeshevsky Luxembourg went bankrupt in 2008 following the international financial crisis.

"This morning was the rejection of the appeal before the court of breaks," she said.

In 2007, Enrico Macias borrowed 35 million euros from Landsbanki Luxembourg. However, amid the international financial crisis of 2008, the bank went bankrupt and its parent company was nationalized. That same year, the bank was located liquidation. However, the bank is still trying to recover debts.

The singer, as well as a hundred customers of the bank, filed a lawsuit in France for fraud.

Sentence In the first case, in 2014, to repay this amount, the Criminal Court in Paris approved the verdict in August 2017. He said that "this is not due to the case that the borrowers were victims of fake maneuvers," according to AFP. On Thursday, the Court of Appeal in Luxembourg also rejected his appeal.

An appeal verdict will be published in May in Paris.


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