The Team Cards Rato would account for ‘losses’ – Online

The Team Cards Rato would account for 'losses' – Online

The most striking finding of the internal audit of accounting Bankia was hidden place where credit cards B of the highest executives led by Bankia were Rodrigo Rato. They were not in “entertainment expenses” as members of the board of directors and the supervisory committee. The senior management were “an account of losses” , as confirmed to this newspaper close to the investigation sources.

That is, the cost of these cards is recorded in the undetectable accounting entry that prevented the control of Human Resources management of the entity. It was in this strange account Bankia which surfaced 200,000 euros spent in the last year of his term by the president, Rodrigo Rato, his lieutenant, José Manuel Fernández Norniella, CEOs Ildefonso Sánchez Barcoj and Matías Amat and CEO Francisco Verdú, although the latter did not use the card.

report from the Frob , the state rescue fund, notes that these cards were “linked accounts errors in computer server ‘without further detail. “It is an account of losses for the entity, which is accounted for example spending on a credit card that has been stolen from its owner,” explained the cited sources close to the investigation. The Director of Internal Audit Bankia, Iñaki Azaola, considered particularly outrageous not only existed these cards without control top executives, but also their expenses were recorded in a account as inappropriate for control.

Rato reserved only five executives using the cards to create Bankia B

According to their report, there is no record of any spending limits of these cards or what fate could be used. In fact, between January and May 2012 much of the 200,000 euros spent by Rato and his top aides was withdrawn in cash. They were his last months before his downfall and replacement by José Ignacio Goirigolzarri and his team.

Who chose this remote island in the giant accounting Bankia? The internal audit report points to the Chief Financial Officer, Ildefonso Sánchez Barcoj. The paper also shows that was always in account losses. Also when those who enjoyed the credit cards were Miguel Blesa and colleagues.

Arriving Rato Caja Madrid and integrate it into Bankia decided that the dozen members of the steering committee have this kind card B only until the end of 2011 and, thereafter, only keep him and the other four top executives said.

When the current President of Bankia, José Ignacio Goirigolzarri learned of the discovery of the internal audit consulted Economy Minister Luis de Guindos, given the prominence of Rato. De Guindos urged Bankia to give you the opportunity to return the money before the Frob refer the case to the Prosecutor, as sources close to the state fund.

It was then the head of Human Resources and former collaborator Rodrigo Rato, Juan Huts, ask the manager of the four users of the card B money back. So did Rato, Sánchez Barcoj, Amat and Norniella. “They have made a conditional return to when your expenses are reviewed and appreciate that they were justified, be reimbursed,” explained sources close to these former executives.