Former Barcelona midfielder Andrés Iniesta is under investigation in Peru for alleged involvement in a $600,000 fraud linked to failed sporting and music events.
According to a report from MARCA, former Barcelona legend Andrés Iniesta has been accused of aggravated fraud in Peru after several businessmen claimed they were defrauded of more than $600,000 in failed sporting and music event deals.
The Peruvian Public Prosecutor’s Office launched a preliminary investigation following a complaint from Gucho Entertainment S.A.C. and other investors, who said they invested heavily in projects backed by NSN Barcelona — a company chaired by Iniesta — and its South American branch, NSN Sudamérica.
Prosecutors allege Iniesta’s global reputation was used to attract investors for high-profile events, including international soccer friendlies and a K-pop festival. However, only one event, the “Upa Upa Fest,” reportedly took place and generated heavy losses, leading to the cancellation of subsequent commitments.
The complaint claims Iniesta’s company vanished after receiving the funds, leaving investors without returns or refunds. NSN Sudamérica has since been declared bankrupt without explaining the missing money.
Authorities have also named Paul Valderrama Rubio and Carlos Gómez Pintor in the case, accusing them of authorizing the firm’s expansion into Peru.
Among the victims is Iván Petrozzi, who invested $35,000 in a friendly match that never occurred. Iniesta and his representatives have not yet commented on the allegations.