Madrid, February 20 (EFE) .- The president of Caja Madrid Jaime Terceiro explained today in the High Court that under his leadership the granting of a card is approved representation for directors of the entity on whose expenses always a “strict” and even “excessively austere.”
control was exercised Terceiro explained that the Board gave the green light to these cards in 1988 as a system to offset expenses in the exercise of its function, at a time that is very recent liberalization of the boxes and on the need to align the remuneration system for Caja Madrid to the rest of the sector.
It was at that moment when born cards representing the directors of the Fund, those already enjoyed by the members of the Steering Committee, said the witness, because until then only perceived diets of 150 euros for attending meetings with a maximum of 1,800 euros a year.
The operation of these cards was “very simple”, and had a monthly limit of 600 euros, which were charged to the “governing bodies” account but Terceiro, current director of Bankinter, has said that the average monthly expenditure never exceeded 250 or 300 euros and there was no need to upload it in nine years.
In addition, lacked visas pin, so they could not do cash withdrawals.
His control and supervision depended on the then Secretary of the Board, Angel Montero, and spent a second filter in the Department of Audit Manuel Cobo hand, he explained.
Terceiro even added that personally developed Montero control over expenditure of cards, which provided documents were contributed, was so “strict” and even “overly austere” not accepted restaurant bills for meals on Friday or not allowed accommodations in hotels with a category than three stars.
In fact, he admitted to questions from the defenses of several defendants who was he who introduced these cards representation, created on Based on the “prudence and common sense”, while explained that their system was always “transparent” to the Treasury.
So, has insisted that “no doubt” cards that passed under his rule, which lasted until 1996, were represented and were deductible for corporate income tax of the box, so that the directors did not have to pay tax on them.
During his interrogation, the witness has displayed the austerity of his time, in which he received a salary of 132,000 euros per year and for nine years only the corresponding increased to IPC.
The issue of the cards again appear in the minutes of the Council meeting of October 30, 1995, in which, under the heading “Miscellaneous refunds function counselor” figure granting a “Visa card company board members and the Supervisory exclusively for representation expenses. “
When asked about these minutes, Terceiro has stated that saw the entry of new members, so it was necessary to refer to this issue.
The Business Gold contract system, which ensures Blesa signed one in 1994, was introduced in 2002 but in any case, he added, after leaving the post of president, all suffered “a total change” and even charges became accounted for in other accounts.
Meanwhile, the director of internal audit Bankia, Iñaki Azaola, author of the report that uncovered the scandal, replied that he had knowledge of this system in January 2014, when the Operations Department handed a list with a card number and the name of a user who had been canceled in December 2011 and May 2012.
You have argued that corporate cards go through a circuit set up to Human Resources, but he analyzed “were entirely separate” this
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