Overview

• Judge Ismael Moreno of the Audiencia Nacional converted the Titella investigation into an abbreviated proceeding that proposes trial for 55 defendants.
• The order cites suspected crimes including continued fraud, falsification of commercial documents, money laundering, membership in a criminal organization, business corruption, and frustration of execution, with an added tax‑fraud allegation for Moreno.
• Investigators describe a hierarchical network active since at least 2017 that used shell companies, frontmen, and falsified paperwork to secure bank credit products such as confirming, factoring, and company credit lines.
• The ruling places Moreno in the top tier as a public‑facing figure who helped obtain financing, alongside alleged organizers Antonio Luis Aguilera and Antonio José Salazar de Castro.
• The decision can be appealed to the Audiencia Nacional’s Criminal Chamber, the final procedural route to avoid standing trial, and it details alleged losses to banks, guarantee societies, the tax agency, and private investors.