Tuesday, January 13, 2015

The experts admit they were wrong to speak of charges … – Yahoo Finance Spain

The experts admit they were wrong to speak of charges … – Yahoo Finance Spain

Madrid, Jan 13 (EFE) .- The two experts who questioned Bankia accounts have recognized that they could make a mistake when coding in just over four million, unduly charged by some exconsejeros Bankia not have sufficient data charges occupied at all times.

They have stated today in the High Court the two independent experts appointed by the Bank of Spain to work on the “Bankia case” after the lawyer has explained that BFA present a detailed analysis of all pay and that there was simultaneity in the performance of various positions in writing, reported sources in the statement.

In its reports, the experts detected irregularities in the collection of diets by three directors Rodrigo Rato, José Manuel Fernández and José Luis Olivas Norniella already received a salary, which could involve the receipt of improperly 1,478,000.

Meanwhile, other diets were offset by assisting others advice and had contributions to pensions, which would translate into 2,848 more than their share million.

For more than five hours to appear before the judge Fernando Andreu, experts have explained that they had no monthly breakdown, so that might be wrong in your calculations and have introduced concepts in duplicate.

Also, other legal sources have Efe explained that experts have recognized that in affirming that 13.244 million in loans to the team of Jose Ignacio Goirigolzarri went from normal to substandard had to have been directly doubtful, had only analyzed some accredited.

And they did so because, have continued, the company failed to provide all records, since they themselves, given the lateness of his first answer, chose not requerírselos to no longer delay time their work, so decided to extrapolate data from 37 of them 23,000 total loans.

However, sources of the entity have stressed that gave “all information” requested them experts.

This issue has generated a debate between counsel for the FROB and experts, the judge wanted to settle stating that Bankia, in its capacity as charged, “can work or not, and in this case it did,” although the company insists it has fulfilled all requirements of the magistrate.

Moreover, the lawyers of the Spanish bailout fund also wanted to know the differences in the amounts of the adjustments calculated their experts in each of their reports.

A thereto, have responded that there is no time difference except, as one accused those settings in a period and the second in another post but in any case, did not reflect the true picture of the entity.

To support his claim, had been forwarded to the minutes of the Governing Council of 27 June 2012 in which José Ignacio Goirigolzarro stressed that “there had been a significant destruction of value situations far in time “.

Also the statements made former CEO, Francisco Verdú, in the courts, in which said Bankia hole” had occurred in the last 12 years “referring to are problems in operations granted in the past.

Tomorrow interviews with the lawyers of Bankia will resume, giving way after the defense of the accused.

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