In NZ they could be held up for trading while insolvent, the money trail looks fairly obvious-into properties I wonder if there are any in Spain as well. Doesnt help the 29 affected parties though.
Yes same in Uk, its under Insolvemcy Act either wrongful or fraudulent trading, but unless the liquidator can realise funds in the liquidation to pay themselves to investigate such acts, it ofyen comes to very little, usually barred from holding directorships but rarely forced to contribute from their personal assets if fraudulent trading found to have occurred.
