Just in: Singer is ordered to pay 30 million Euros to collapsed bank
February 28, 2014 by Norman Lebrecht
The French crooner Enrico Macias, 74, has been hit by judges in a Luxembourg court with a bill for 30 million Euros, payable to the executors of an Icelandic bank that went bust in 2008. Macias and his late wife had taken a 35-million Euro loan in 2007 to build a villa on St Tropez. The bank went belly-up. Macias countersued the dead bank for 43 million, but the judges threw out his case. Report here in French. It’s complicated, and it looks like Enrico will be going back on the road – like Leonard Cohen – to boot up his pension.
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