McCanns spent only 13.3% of public money on searching for Madeleine

The McCann accounts continue to be a mystery, but so does the Madeleine Fund. Of the money received only 13.3 % was spent in investigation and searches for Madeleine.

by Hernâni Carvalho

A document that tvmais had accesses reveals that up to the 31st of March of 2008 the Find Madeleine Fund received 2.819.403,00 Euros. Of this amount only 13.3% [375,000 Euros] was spent in searches and investigations (including private detectives). The Find Madeleine Fund was created [15 May 2007] with the objective of helping to find (sponsoring the searches) the ‘kidnapped’ girl and to deliver the abductors to justice. In the case of being proved that Madeleine was dead, the money would no longer be accessible to the McCanns.

The donations arrived to the Fund in various ways: 2.085.540,00 Euros were the donations received in the bank; 587.610,00 were received via Internet and 96,.117,00 Euros was the profit gained in the On Line Shop. This amount is increased by the interest rate of 50.136,00 Euros, which makes a total sum of 2.819.403,00 Euros.

In an analyses made to the accounts presented by the fund relative to the 31st of March 2008 (see box) soon we realize that in the area of publicizing [the posters which never appeared] and searches (of Madeleine) only 17,66% was spent of the money received. That is less than 500.000 Euros.

The profits of the On Line Shop are of 96.117,00 Euros; however the shop itself costed 167. 283,00 Euros in legal expenditures.

The fund has seven directors, but only two remain since the beginning.

The 'unveiling' of the fund accounts to which the tvmais had access is registered at the Companies House with the code number X5NBF0CR.

The Portuguese Authorities requested Information to the British

Ongoing Investigation?

No one can know what money the McCanns had with them on the day that their daughter disappeared in Praia da Luz, Algarve. What is known is that the PJ never had access to the bank accounts belonging to Gerry or to Kate McCann. Twice the Portuguese authorities requested to the British authorities informations concerning the bank accounts of the group who had dinner with Madeleine’s parents in the night of the disappearance of the girl.

The objective was to know who exactly were those nine persons (seven plus the McCann couple) on that date (3rd May 2007). The informations (bank account and credit cards) about the seven Tapas friends arrived [though not complete, as you can read here], yet regarding Kate and Gerry McCann the British authorities never gave any information even affirming that there was no registry of bank account loans nor of their credit cards.

Up to today, no one knows [at least the Portuguese Authorities don’t know] which accounts had the McCann between the 25th of April 2007 and the 12 September 2008. In January of this year the British authorities failed to give informations regarding the McCann’s money arguing that there is “an ongoing investigation”.

This strange situation is at odds with the fact that the Madeleine process was archived in July 2008.

Source: TVMais, paper edition

Translated by Joana Morais

Discussion at the 3 arguidos: Mystery Accts: Where is the McCann’s Money? - Joana Morais