Bees on the cards: “It was a known and legal practice in the … – The País.com (Spain)

Bees on the cards: "It was a known and legal practice in the … – The País.com (Spain)

Pablo Bees, former CEO of Economics Madrid. / Kiko Huesca (AP)

Paul Bees, CEO of Madrid Economics dismissed Thursday by the scandal opaque cards Caja Madrid, argues that the use of undeclared cards was common in public and other entities. “It was a known and legal in the box and corporate practice worldwide,” said Bees in an interview in THE COUNTRY.

The senior government of Ignacio González (PP), which spent, allegedly 246,700 euros thus further contends that the cards-through which Caja Madrid makers charged for at least ten years (between 2003 and 2012) more than 15.5 million in expenses were personal- in the Madrid entity “since 1988″. “The Jaime creates Terceiro [president of Caja Madrid] and spent hundreds of inspectors since the Bank of Spain, auditors, managers, presidents …” he says.

The former CEO and Economy Madrid said he received a card to join the organization. “When I get to the box in 2006 I give it and tell me it’s part of my pay, I have a limit, I can not go get money, and there can be no inappropriate expenditures. Ask if I have to give a monthly relationship expenses and tell me not to, “says. The limit, accurate Bees, was “25,000 euros a year,” but the next year he was doubled up “about 4,000 euros a month for being president of the Supervisory Board.” By inappropriate expenditures, reflects, understood such “pay rent or college kids.”

“I made more money in Telefónica, it seems that making money is a crime in Spain, but the salary should be according to your responsibilities, “argues Bees, which concludes that” in a financial institution you have penal responsibility for the things you do. “

With plastic money given to board members management and executive board Caja Madrid clothing, food or travel was paid, and withdrew from the ATM at least 2.1 million. It was not until the 26th of June when Bankia gave the warning to the Fund for Orderly Bank Restructuring (FROB), with two reports that warned of the existence of these cards “outside the ordinary circuit,” noting that there was no accurate accounting. The head of the FROB did arrive, turn these documents to the anti-corruption prosecutor.

The Judge Andreu has sent experts from the Bank of Spain reports to investigate whether the 86 people who used this method payment could commit corporate crimes and misappropriation that marked the anti-corruption prosecutor, and if the supervisor himself knew of this payment. It was the entity which, through an internal audit found the cards for months. Caja Madrid, at least 15.25 million euros out of the body in this way between 2003 and 2012 and paid Bankia managers thus purchases worth 245,200 euros.