Former head of the IMF bail and managers of Bankia – Portafolio.co

Former head of the IMF bail and managers of Bankia – Portafolio.co

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A judge espa & ntilde National Court; ola imposed Friday bail of eight hundred million euros to several exdirectivos of Bankia, including the former director IMF chief Rodrigo Rato, for alleged irregularities in its output . to bag

With that bail deal & iacute; to cope with potential liability for damages caused to those who came to buy shares in its IPO, which took place in July 2011

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The judge Fernando Andreu dict & oacute; Friday a car he asks finances Rato, who was managing director of the IMF and former Minister of Economy & iacute; a espa & ntilde; ol, as & iacute; and their top aides at address & oacute; n Bankia, including former vice president Jos & eacute the entity; Manuel Olivas and former CEO Francisco Verd & uacute;.

According STILL judge, of an & aacute; lysis question & oacute; accounts with Bankia went out & oacute; to bag an offense under the C & oacute follows; I say Penal who punishes those who like & quot; managers fact or law to a radio values ​​society falsify the information & oacute; n econom financial mica contained in prospectuses of emission & oacute; n of any financial instruments, with the prop & oacute; sito to attract investors or depositors. & quot;

A report met early last December prepared by two experts of the Banco de Espa & ntilde; a concluy & oacute; that accounts Bankia and its parent BFA a & ntilde; o 2011 the STILL full last of Rodrigo Rato as president of the group, did not reflect & quot; the true image of these entities & quot; . at the time of its IPO

The National Court investigates the accounts of the entity that had to receive in 2012 an injection & oacute; n money p STILL PUBLIC estimated at nearly 18,000 million euros to alleviate the accounting hole

According STILL. n the judge, was not truthful explanation & oacute; n contained in the information brochure for retail investors in the IPO. The eight hundred million euro deposit derived from the six hundred placed among retail investors m & aacute; s third established by law for civil securities. However, Judge Andreu recalls that Act permit & aacute; enlarge or reduce the bail, sec STILL the evolution & oacute; n the judicial process

EFE

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A judge of the Audiencia Nacional. Spanish Friday imposed a bail of eight hundred million euros to several exdirectivos of Bankia, including the manager former director of the IMF, Rodrigo Rato, for alleged irregularities in its IPO.

With such bond would be addressing any liability for damage caused to those who went to buy shares in its IPO, which took place in July 2011.

Judge Fernando Andreu he issued Friday a car he asks finances Rato, who was managing director of the IMF and former Spanish economy minister and his top aides in the direction of Bankia, including former vice president of the entity José Manuel Olivas and former CEO Francisco Verdú.

According to the judge, the analysis that questioned the accounts that Bankia went public an offense under the Criminal Code punishes those as “stewards follows in fact or in law a company issues securities, falsify economic and financial information contained in the prospectuses of any financial instruments in order to attract investors or depositors. “

A report met early last December prepared by two experts from the Bank of Spain concluded that Bankia accounts and its parent BFA in 2011, the last full of Rodrigo Rato as president of the group, did not reflect “the true image of these entities “at the time of its IPO.

The National Court investigates the accounts of the entity, which in 2012 had to receive an injection of public money estimated at nearly 18,000 million euros to alleviate the accounting hole.

According to the judge, was not truthful explanation contained in the information brochure for retail investors in the IPO. The eight hundred million euro deposit derived from the six hundred placed among retail investors more third established by law for civil securities. However, Judge Andreu recalls that the law will expand or reduce the bail, according to the evolution of the judicial process.

EFE