e Lions Threpub
Voted
Best English Pub in Palma Great food Live Music Every Night from 12am
expat paper in Spain
FREE
Ave de Gabriel Roca 4, Palma
Pressure mounts INVESTIGATIONS into a Palma forestry investment firm is heating up after the Olive Press revealed British expat investors may have lost MILLIONS due to mishandling of funds. Complaints against GWD Forestry have since been filed with police in Spain and the Netherlands while authorities in Canada are believed to have also launched an investigation into the Mallorca firm’s crops there. British legal firm Carlton Huxley, which has been investigating the company’s Brazil operation, is expecting to release a full interim report in the next two weeks. “We can confirm that we are probing their projects in Brazil,” spokesman Bill Ferguson told the Olive Press, “We are analysing their value and their accounts to see if there are discrepancies. “It’s a difficult process but we will have answers and a full report in February.” The Olive Press revealed in December how GWD Forestry, based in Palma, was accused of the mismanagement of investors’ cash - with most claiming they have never seen a return. The company, which invests in agro-plantations, told the Olive Press it was working to ‘pay back’ its clients. One Irish investor, based in Malaga, told the Olive Press he fears he has lost €8,000 invested in eucalyptus trees in Brazil in 2011, before reinvesting another €10,000 in 2013. “I have received one report in all these years, despite reContinues on page 5
BEST
(Free or paid for)
Vol. 2 Issue 47 www.theolivepress.es January 31st - February 13th 2019
Spanish hunting dogs killed my beloved rescue pup Tommy See page 5
Pedro, Let it go! Spain PM to bid for Gibraltar’s sovereignty again as Theresa May returns to Brussels
THE epic battle over Gibraltar’s sovereignty has reared its head yet again as MPs
TM
TM
Tel: 902 123123 282 902
282
902 123 282
See page 23 & 24
voted in Parliament last night on a series of amendments which could change the course of Brexit. Politicians passed a breakthrough, although nonbinding, amendment that rules out the option of the UK leaving the EU without a deal. Lawmakers also voted to reopen negotiations with the EU over the Northern Ireland backstop, which would act as an insurance policy to avoid a hard border IN
PU
ER TO
FREE
PO
*Offer ends 30/11/18. Not valid for renewals. Subject to conditions.
Brussels, now armed with a mandate to renegotiate a deal MPs will back. with Ireland after Brexit. The EU, however, has fierceMeanwhile, after weeks of ly reiterated that the UK’s refusing to hold talks with Withdrawal Agreement is Prime Minister Theresa May, ‘not open for renegotiation’. Labour leader Jeremy Cor- It came as Spain, once byn said he is finally ready to again, insisted yesterday on meet and outline the agree- excluding Gibraltar from ment his party wants with all of its post-Brexit agreethe EU. ments with the UK and the Following the monumental EU. Untitled-1.pdf 1 16/06/2017 15:36sources revealed night in the House of ComDiplomatic mons, May will return to how Prime Minister Pedro By Elisa Menendez
RT AL
S
bottle
of wine with this ad
C
M
Y
2/8/18 17:01
CM
MY
CY
CMY
RESERVATIONS: 971 283 410
K
Fine Indian Cuisine Puerto Portals 76-78, 07181 Portals Nous Mallorca. Illes Balears
www.mahaltandoori.com 4 hours FREE parking
*valid one ad per table
Avenida Rey more Jaime on 1, Santa Find out pagePonca XX 0034 871 510 277
Sanchez looks set to revive Spain’s bid for shared sovereignty over the Rock after the UK leaves the EU. “In every agreement reached with Great Britain there will be an asterisk which explains that the deal will not affect Gibraltar,” the source told Reuters. Gibraltar, which has been a British territory since 1713, is set to leave the EU alongContinues on page 4