Stoop bail excúpula Bankia led by Rodrigo Rato – El Universal (Venezuela)

 THE UNIVERSAL
 

Saturday April 25, 2015 12:00 AM

Madrid .- The Spanish Justice lowered from 800 to 34 million euros bail imposed in February to Bankia entity, its parent and its former leadership, including the former director of the IMF Rodrigo Rato, for alleged irregularities in its IPO in 2011.

According to the Spanish media reported Friday, the National Court partially upheld the appeals filed by Bankia and its parent, BFA, and by Rato and three other exconsejeros of the entity, José Fernández, Francisco Verdú and Jose Olivas said DPA.

The magistrates rejected the one presented by the Spanish bailout fund, the FROB, for lack of standing, as recorded in the advanced around the room and spread by media failure.

The new amount required the accused is equivalent to money lost personates minority shareholders in the case.

The National Court Judge Fernando Andreu, who investigates the merger that resulted in Bankia and subsequent IPO, imposed in February millionaire bond jointly and liability in respect of the accused .