They are accused of charging “unduly” 47.3 million and undertake “a concerted plan” that led the company to bankruptcy
MADRID, 27 (EUROPA PRESS)
The National Court Judge Javier Gómez Bermúdez has completed the investigation into the former Caja de Ahorros del Mediterráneo (CAM) and has been proposed to try eight former directors of the box including his former Modesto Crespo, receivables “unduly” 47.3 million euros, cook the accounts of the entity and to conduct a “common plan” that led to the bankruptcy of the company, which had to be rescued in June 2011 at a cost to the public purse of 5.249 million euros.
This is stated in a car transformation in summary proceedings equivalent to processing, in which the judge proposes sit on the bench, plus of Crespo, general and former directors Roberto López Abad Maria Dolores Amoros and former Director General Resource Vicente Soriano Terol.
It also proposes judge the former Director of Planning and Control Sogorb Theophilus and former officials and Investment Risk, Francisco José Martínez; Funding and Liquidity Management, Juan Luis Sabater; and Reporting, Salvador Ochoa.
The judge, noted that the financial statements of CAM in 2010 and the first half of 2011 “did not reflect the true picture of the entity” attributed to all processed offenses distortion of the financial statements or other documents must reflect the situation of society, misappropriation and unfair administration and forgery of a commercial document.
Gómez Bermúdez also notes that members of the steering committee CAM “wrongly charged” 47.3 million euros for remuneration as “compensation, wage supplements variables and interest on excess premium paid to the insurer Caser”.
PLAN CONCLUDED IN 2010 TO REACH FUSION
The magistrate, giving ten days the prosecution and the prosecution to formulate indictment or request the dismissal, said that the balance sheet for the year 2010 “should have been less” 210 3 million euros after tax, as there was an “undue release of provisions related to securitized loans.”
Likewise, managers have posted CAM “irregularly” the dividends of subsidiaries of the entity and the provision relating to early retirement fund, with “a disturbing effect on the true picture of the economic situation of the state.”
“This alteration true and fair view of the entity was made in execution of a concerted plan steering committee and was intended integration into the SIP and subsequent merger with other savings banks to dilute the true state of the case as well as to collect incentives for results and other accessories related to the nbuena up the entity and causing it damage, “the car.
Among the financial and accounting operations that allowed the manipulation of the accounts of the entity in 2010 are declining “provisions relating to loans securitized debt of very low quality and knowingly incorrectly counted contract SWAP –permuta recorded financial, hiding the existence of options.
IN 2011, “CRITICAL”
The judge Gómez Bermúdez also notes that the balance of 2011 did not “critical situation” of the Alicante box and offered a “distorted picture”, to appear profits about 60 million euros when in reality had “a loss in the amount of 1,136 million euros”.
The car also recalls that the May 27, 2011, “failed attempt to merge with other entities “Amoros presented a report on the first quarter that odrecía a consolidated profit of 39.8 million euros. Results for the first half of the year, presented by Amoros and Sogorb, profit rose to 65.3 million.
“These interim financial statements for 2011 concealed the real situation of the CAM and, being sent both the Bank of Spain and the Comisión Nacional del Mercado de Valores (CNMV), which he published, aggravated the insolvency of the entity harmed investors and delayed the adoption of the necessary measures to avoid what finally happened: injection 5,249 million euros of public money by the Deposit Guarantee Fund, to avoid the risk involved for the Spanish financial system, “the car.
Early retirements AND INCENTIVES
Gómez Bermúdez also notes that the defendants concealed, so “aware”, an outside consultant that six members of the steering committee had joined the program staff restructuring for early retirement, which were allowed to count losses of 15.5 million euros in the balance of 2010.
The following year the managers of the CAM returned to hide this cost by “the trick of making dotración against a fund established in 2015″ . Finally, after the failure of the merger with other boxes, extending the record of employment regulation (ERE) “without 50,190,000 euros that should appear in the accounts prepared on June 30, 2011 provide themselves was approved “.
The magistrate also specifies that the accused, without the consent of the Board, varied in their benefit coverage” additional provision “who thought joining the pension of managers at the time of retirement. Thus, the June 21, 2010 agreed prepayment of 25.6 millonens even though they knew the “delicate” situation in which the CAM and its “difficult viability” was.
November of that same year and despite the “critical” state of the entity, eliminated the requirement spent five years in the Steering Committee to receive this benefit. In addition, modified the contract including “false dates” for a “substantial improvement” and get to have “reference salary level 2010 financial year with accounts of altered results and artificially inflated”, causing a gross injury to the CAM 2 14 million.
In addition, disruption of the accounts of the CAM assumed that charged exdirectivos pay benefits, contributions to pension plans, variable remuneration and long-time bonus term “knowing that not theirs, for they knew perfectly the real situation of the state.”
OTHER RESEARCH ON CAM
The eight prosecutions occur in the main cause of CAM instructed by Gómez Bermúdez, who also researches in other processes the allegedly irregular diets that exdirectivos entity were awarded emission quotas subsidiaries and activities of the Valfensal companies and Financial Investment and Holdings (TIP).
In the only cause judicata, the National Court acquitted last February Lopez Abad and president of the Control Committee Juan Ramon Aviles by charging diets and lending to the second.
The CAM was seized in June 2011 by the Bank of Spain and in December 2011 the Sabadell was won by a euro
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