Borja Thyssen under scrutiny by Andorran justice over €5 million debt to MoraBanc
El cas ha generat preguntes sobre la situació econòmica del fill de la baronessa
The financial situation of Borja Thyssen is once again under scrutiny after an Andorran court ordered him to respond over a €5 million debt owed to MoraBanc, in proceedings related to a mortgage loan secured against his home in the Principality.
The information was published by El Mundo in an article written by journalist María Eugenia Yagüe, who reports that the court had allegedly tried to locate Thyssen without success. The judicial order states that he has an “unknown address and is currently of unknown whereabouts.”
Judicial proceedings opened in Andorra
The order, dated July 17, gives Borja Thyssen five working days to appoint a lawyer and court representative and, subsequently, 20 working days to appear in the proceedings and respond to the claim.
If he fails to appear within the established deadline, the court warns that he could be declared in default and that the proceedings would continue without his participation, apart from notification of the final judgment or decision bringing the case to an end.
MoraBanc has declined to comment publicly on the case. According to the information available, the dispute concerns a loan secured against the property Thyssen owns in Andorra.
His home is also located very close to the residence of his mother, Carmen Cervera, known as Tita Thyssen.
A multimillion-euro fortune under scrutiny
The case has raised questions about the financial situation of the baroness's son, particularly given the substantial wealth attributed to him.
Borja Thyssen was adopted by Baron Heinrich Thyssen in 1984 and is understood to have received significant wealth through both his inheritance and the family fortune. He is also involved in companies and businesses in several countries and maintains his tax residence in Andorra.
According to the published information, he has increased his international business activity in recent years and frequently travels to Dubai, where he is also reported to own a property.
This situation contrasts with the court proceedings over the unpaid loan and raises questions about the management of his substantial fortune.
The role of Tita Cervera
Family sources cited in the reports claim that Tita Cervera has helped her son on previous occasions to deal with debts owed to the bank.
The current dispute, however, is understood to have reached the courts after years of the loan allegedly remaining unpaid. People close to Borja Thyssen are said to have described the matter as a “legal dispute” with the bank and denied that the Andorran authorities are unable to locate him.
It has also been reported that this would not be the first time Thyssen has used his Andorran property as collateral to obtain financing.
Income from the family fortune
The scale of the family wealth makes the alleged debt particularly striking. In 2022, Tita Cervera reached an agreement with Spain's Ministry of Culture to lease her private art collection for 15 years. The collection was valued at €1.4 billion, with the agreement providing €97.5 million in return.
The deal included highly valuable works, among them Paul Gauguin's Mata Mua, valued at €250 million as part of the agreement. Borja Thyssen also participated by contributing works from his personal collection, which he shares with Blanca Cuesta.
The judicial proceedings in Andorra now raise questions about how someone with substantial assets, income and family wealth could have accumulated a €5 million mortgage debt and ended up facing court proceedings.