Madrid, Jan 12 (EFE) .- The two experts appointed by the Bank of Spain to work in the “Bankia case” have untied the state of the economy today Spanish deterioration of the entity, since long before its constitution could intuit possible losses in the income statements of the component boxes.
Both coaches came to this conclusion after analyzing a report that the right hand Rodrigo Rato, José Manuel Fernández Norniella, presented to the Board of Directors of Bankia in late 2011 on the promoter group risk, which made them think that the damage from afar, to reported legal sources.
For more than four hours of hearing, experts have ratified point by point opinion in which last December said the accounts of Bankia and its parent BFA 2011, the last full year of Rato as president of the group and reformulated by his successor, José Ignacio Goirigolzarri, did not reflect his “true image”.
Han insisted that Rato accounts were not correct, nor those of Goirigolzarri, since, according the sources were not the result of a change in the estimates, but accounting errors coming to recognize the previous managers.
Asked by the prosecutor why he could be so rapid that reformulation, which involved to a profit of 309 million in 2011 to become a loss of 2.979 million, experts have responded that performed the same management team, who knew the true situation of the group.
In particular, one of experts noted that “the adjustment of tax assets BFA, 2744000, is considered wrong, because as of the reformulation was obvious the recoverability of at least 1,428,000,” so that “there should not be reduced in full the Deferred tax assets “.
Yet another has estimated that amount at least 1.927 million and, according to legal sources, none has been able to explain to tax the reason for the difference between the two.
have also put into question the price of the shares in the IPO of Bankia, with a discount of 75% on the book value, which was an immediate deterioration by the parent should have recorded, although This would have entailed being in event of dissolution, have been added.
Also, have reiterated, without further assessment, that price was not a “concurrency model” because, as pointed in its opinions was performed based on the offers of 29 economic groups, “some with relations of dependency on BFA” which invested 1,239 million.
The fact that the financial statements of the IPO of Bankia not reflect the true picture, they have pointed out, led institutional investors were not properly informed.
The two experts have assured in a crowded interview room and in the presence of dozens of lawyers who have worked “in body and soul “and full time for a year and a half, during which analyzed all statements and actions made in the investigation of” Bankia case. “
Also, have defended the fact that prepared each report, as it gives them more independence and coordination, and allowed one to focus more on the topic of investees of Bankia and the other in the general evolution of the entity.
The counsel for the accusation exerted by UPyD has been interested in the question of opaque cards, the experts denounced its clear “will hide” what have simply answer that left out the whole stage analysis of Caja Madrid for considering that fell outside the scope of his expert.
The same lawyer has inquired them about the Banco de Valencia, entity of which ensured that at the end of 2010 no longer expressing fairly even for years had declared recurrent and continued to do so until mid-2011, to emphasize that there was no willingness to address their situation until it was taken over in November of that year.
Tomorrow begins the turn of the defenses of the accused to start benefits their interrogations, which are scheduled until Friday
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