The article reveals the investigation into former Spanish Prime Minister José Luis Rodríguez Zapatero's connections to a business venture involving his friend Julio Martínez Martínez, who is reportedly under scrutiny by the Prosecutor's Office. Documents obtained by EL MUNDO indicate that Martínez's company, Análisis Relevante SL, produced a series of reports titled 'ARinformes', which were purportedly marketed to multinational companies during the ongoing pandemic. These reports claimed insights on the economic outlook, notably suggesting the pandemic would lead to a prolonged crisis.

Details within the investigation point out that Plus Ultra, a company in financial distress, contracted Martínez's firm while indicating to the SEP (Sociedad Española de Participaciones Industriales) that it was short of €48 million. This raises questions about the financial ties between political figures and private enterprises, particularly how governmental authority may influence corporate contracts. The involvement of Zapatero and the sale of these reports amplify concerns over transparency and potential conflicts of interest in Spain's governance.

Both Zapatero and Martínez assert that the reports were legitimate and provide electronic evidence dating back to 2020. The narrative suggests intrigue around the motivations behind these financial advisory efforts, and the implications of such dealings highlight the blurred lines between politics and commerce during a national crisis. Issues of accountability and ethical conduct in political administration are central to the unfolding story, prompting further examination of the relationships between former leaders and current market players in Spain.