Rumasa controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2011
Nueva Rumasa promissory-note crisis
Nueva Rumasa, the later group linked to Ruiz-Mateos, entered bankruptcy after issuing controversial investor IOUs or promissory notes. This later event was associated with the revived name but involved a separate group from the original Rumasa.
1983
State expropriation and legal controversy
The Spanish government's takeover of Rumasa became a major political, financial, and constitutional controversy. The group was dismantled and its companies were later partitioned and reprivatized; Spain's Constitutional Court ultimately upheld the expropriation.