A Spanish judge on Friday imposed civil solidarity bond 800 million euros to Bankia, its president Rodrigo Rato, and several other defendants in the investigation of irregularities in the IPO of the company.
The judge Fernando Andreu giving it one month to the company, its parent company BFA, to -exdirector Rato of the IMF and the former leaders of Bankia Francisco Verdú, José Manuel Olivas and Jose Manuel Fernandez Norniella to depositing the bond or to seizure of his property to cover the amount requested.
These former leaders are charged in the investigation carried out by the judge of the High Court on possible irregularities in the output Bankia bag in July 2011.
According to a court order made public on Friday, Andreu believes Rato, Olivas, Verdú and Fernandez were responsible for the resolution adopted by the board on 15 June 2011 approving the financial statements of the entity for advertising IPO and “whose veracity is questionable with solid and founded indications”
were approved. The judge referred to the report prepared by experts of the Bank of Spain which concluded that the financial statements published at the time of its introduction in bag “did not express the true image of the state.”
At the time, Bankia was led by the former director of the International Monetary Fund ( IMF), Rodrigo Rato, indicted for fraud, misappropriation, accounting offenses, forgery and unfair administration, in this case, along with other suspects.
The bank, severely affected by the bursting of the housing bubble , brushed bankruptcy in 2012, which precipitated a European support for the Spanish banking sector 41,000 million euros, of which received 20,000 million Bankia
No comments:
Post a Comment