Exfutbolista among customers affected by Roberto Carlos … – The World

 Exfutbolista Roberto Carlos, among customers affected by “yard” Banco Madrid
 

 6:00 p.m.
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 Expansion | Ripe .- The Bank Madrid, Spain Andorran subsidiary BPA has left Monday temporarily trapped thousands of customers who can no longer access their money, either in deposits, mutual funds or sicavs, that have been blocked.

At the end of November 2014, 15,000 customers had deposited more than 695 600 000 in Banco Madrid, but it remains to be seen how much treasured today after frightened of their customers, who now expect a judge to decide whether the entity has options to be sold to the highest bidder or directly should be liquidated, the most likely option according to experts consulted by Efe.

Before that will also have to decide if the investment funds and sicavs managed by Banco Madrid and blocked today by the CNMV may be transferred to another company, which would ensure that its participants do not lose money.

Among them are such well-known clients like former player of Real Madrid Roberto Carlos, SICAV which had assets of 2.8 million in 2014, or the investor of Indian origin Ram Bhavnani, living in Tenerife, with 11.4 million.

Just in case the manager of Banco Madrid was also declared insolvent, something that today seems unlikely, would be activated Fogain warranty (Superintendencia bank guarantee funds) , which would also recover a maximum of 100,000 euros.

Thousands of customers

But this option is not considered because experts assume that through a quick tender another bank to take over the management of funds will be chosen Bank investment and sicavs Madrid, whose bulk of the business was in these vehicles.

Only through your Management has about 78,000 customers, whose assets exceed 3,000 million through more than a hundred funds, according to Inverco.

A new chapter in a story that began last Tuesday when US accused BPA, owner of Banco is well written Madrid, to launder money from customers like the Sinaloa Cartel; Gao Ping, the alleged ringleader of a Chinese plot; Andrei Petrov, an alleged member of the Russian mafia and Venezuela’s state oil PDVSA.

All this sounded the alarm over its subsidiary in Spain, also known as the entity in which the family of the president of the Generalitat of Catalonia Jordi Pujol hid part of his fortune.