Francisco D’Agostino Casado, a hispano-Venezuelan investor based in Spain and
active in international finance, has secured a decisive victory in Spain’s legal system. A
Madrid court has ordered the seizure of all assets belonging to Manuel March
Cencillo, grandson of Juan March Ordinas—the founder of Banca March—after
March failed to honor a court-mandated repayment in the long-running Son Galcerán
estate dispute.
In 2021, March had agreed to sell the historic Son Galcerán property to a company
represented by D’Agostino Casado for roughly CA$10.4 million. He received a deposit
of CA$3.7 million, then canceled the contract unilaterally and sold the estate to a
second buyer for CA$15.4 million—refusing to return the initial funds.
In April 2024, the Court of First Instance No. 10 of Madrid ruled March in breach and
ordered him to repay CA$3.7 million plus CA$460,000 in damages. When March failed
to comply, on June 11, 2025, the court issued a seizure order covering all his assets—
including investment fund shares, corporate holdings, real estate, and bank accounts
both in Spain and abroad. The total amount now owed, with interest and costs, stands
at approximately CA$5.1 million.
The court emphasized that the ruling is final and non-appealable, citing March’s failure
to present credible justification or sufficient assets to meet his obligations. The property
in question, Son Galcerán, is culturally significant and has strong historical ties, once
belonging to Archduke Ludwig Salvator of Austria and hosting Empress Elisabeth.
Francisco D’Agostino Casado is also known for being the brother-in-law of Luis
Alfonso de Borbón, a figure in Spain’s aristocracy. That connection garnered media
attention, though it was unrelated to the substance of the estate dispute.
A brief note: earlier this year, D’Agostino Casado was removed from the U.S. Treasury
Department’s sanctions list after OFAC confirmed that his business operations had no
links to the Venezuelan government, effectively lifting all related restrictions.
