Partido Popular

David Gardner

Protesters outside the PP HQ (Getty)

Things are not looking good for Mariano Rajoy, Spain’s prime minister. Luis Bárcenas, the treasurer of his right-wing Partido Popular for 20 years until 2009 who is at the centre of a series of interlinked illegal party financing scandals, was feared to be a ticking bomb. On Monday he started ticking very loudly indeed.

Giving evidence to an investigating judge on an alleged multi-million euro slush fund, Mr Bárcenas confirmed the existence of covert corporate donations and off-the-books cash payments to senior party figures. Leaked photocopies of the former treasurer’s secret accounts were published by the left-liberal El País newspaper on January 31. On July 7, El Mundo, its conservative rival, published a patchy interview with Mr Bárcenas, jailed last month in case he fled the country.

In the interview, Mr Bárcenas for the first time confirmed the existence of the secret ledgers; affirmed that the PP had been financing itself illegally for 20 years; and that the totality of the documents in his possession could bring down the government – a thinly veiled threat presumably aimed at trying to get Mr Rajoy to intervene in the judicial process. Read more