Miguel Blesa and Rodrigo Rato, again, hand in court. The National Court judge Fernando Andreu instructor ‘Bankia case’, has been cited as accused for the next 16 days to two former Caja Madrid and, in the second case, also its successor, referred to Bankia- to respond in criminal proceedings by 15.5 million euros squandered with (‘Black’) entity B cards between 2003 and 2012
has also been called that day and in the same condition which was number two in the box Blesa times. It is Barcoj Ildefonso Sánchez, former CEO and noted privately by several former officials who coordinated as those opaque cards, with which he spent 484,200 euros and then dispatched with the presidents.
The magistrate they are waiting for the Bank of Spain jumped analyze why no alarms in this case, both the apparent opacity of cards which, according to the internal audit of Bankia, were ‘ outside the regular circuit “- such misuse, according to the bank, were purchased from jewelry luxury leisure travel, lottery tickets, clothes, shoes, shopping in supermarkets and even removed than effective. However, it has decided to advance their research by opening a separate ‘case Bankia’ and taking part as the first statements.
This also disables the initiative of an association such as Clean Hands, who claimed that this case was instructed in the ordinary courts of Madrid. This group argues that otherwise could clog the main cause where irregularities surrounding the bank’s IPO in 2011 are investigated, and the other charges and personadas match. Research Sources say, however, that since there are connections between the two that should be taken by the judge, not to mention that in the first one only remains to finish an expert report-that yes, complex-priori before concluding if it goes to trial.
The Most
In its opinion on the cards, the Fund for Orderly Bank Restructuring (FROB), the majority shareholder of the parent of Bankia, believes that “should not differentiate “between the period Blesa, who left office in 2009 and spent his card with 436,700 euros and 44,200 euros to Rato of accountability. Moreover, points directly to both for “allegedly known and consent provisions (with cards) support not covered in contractual, statutory or any of the organs of government, subject always to the company decision.”
“instructions”
But this thesis has been denied in recent days by some of the 83 former directors and exdirectivos who benefited from those cards B. of them is the former president of the Fundación Caja Madrid, Carmen Cafranga, who resigned just 24 hours skip this scandal late last week. In a statement released yesterday, argues that “always” acted “under the instructions of the officers who came to address the matter of remuneration and incentives to directors from far back as 1988.”
This, proves the idea noted by other favored in the practice that was “already widespread” even at the time of Jaime Terceiro, whom Miguel Blesa relieved as president in 1996, and the that “never had the slightest suspicion of irregularity. ‘ Cafranga points even own authority (Ministry of Finance) and government agencies, both financial supervisor (Bank of Spain) as the market regulator (CNMV), because, as she “had full disclosure” of all.
It adds that these “incentives” were “approved by the governing bodies’ and ‘contrasting’ by several legal opinions. So both the judge and the prosecution, which for now are “indications” that have been committed two separate corporate crime and tax fraud-the unfair administration, except in the case of an entity, just stay on administrative violations in the amounts individual (up to EUR 120,000 per year), while the conspiracy would be very difficult to try-, provide call new statements.
One of the most likely, probably also as a defendant, is to Enrique de la Torre, former secretary of the council. According to several former members of this body, it was he who told them they had “free disposal” of the cards, which were part of their normal remuneration and that only should not exceed an annual limit (between 25,000 and 50,000 euros as “the type of user ‘).
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