Acquitted two former leaders of Spanish savings … – Terra Colombia

Acquitted two former leaders of Spanish savings … – Terra Colombia

The Spanish courts acquitted Tuesday two former leaders of the former Caja de Ahorros del Mediterráneo, one of the symbols of the fiasco of the banking sector, considering they did not commit any crime attributed high pay, reported a judicial source.

The former Director General of CAM Roberto López Abad, and exresponsable of the supervisory Juan Ramon Aviles, were charged in January 2014 having developed a strategy designed to allow “the collection of large sums of money that do not correspond to any real activity. “

But now three judges of the High Court” López Abad absolve the crimes of misappropriation and unfair administration and crime Avilés contract granting simulated injury third, “the main Spanish criminal court.

In the first case,” the Court can not conclude that the accused planned and contrived or grossly contributed to the creation of a body as a tool for perception a fee “per diem, consider the judges, which they blame for that decision to the Board that approved in 2005.

As for Avilés, estimated that the simulated alleged sale of shares that performed his sister in 2010 did not hurt the company.

This case is part of a broader statement about alleged embezzlement committed within the entity. In November 2013, Judge Javier Gomez Bermudez had decided to send jailed five former leaders, including López Abad, who was released from prison a few days later after paying bail of 1.5 million euros.

The CAM was deeply weakened by its heavy exposure to the construction sector, the damaged since the outbreak of the Spanish inmobiliria bubble in 2008. The state had to come to their aid, injecting 2,800 million euros of public funds and nacionalizándola in July 2011 before selling it for a nominal euro, the bank Sabadell in December 2011.

The Spanish justice took action against several former leaders of nationalized banks, the main of which Bankia, won a historic rescue of 20,000 million euros.

This operation led the country to ask, in the summer of 2012, European aid 41,300 million for its banking sector.