SPANISH BANK BBVA PLACED UNDER CORRUPTION INVESTIGATION

On 31st July, OCCRP reported that Spain’s High Court has launched an investigation into the country’s second-largest bank, Banco Bilbao Vizcaya Argentaria (BBVA), suspected of bribery and of hiring a company to wiretap journalists, politicians and businesspeople – targeting 9 current and former managers at BBVA and will focus on allegations of corruption and disclosure of confidential information in relation to the bank’s dealings with the company of former police chief, Jose Manuel Villarejo.  He is said to have been jailed in 2017 for using his company, Grupo Cenyt, to wiretap, blackmail, and threaten people at the request of companies and private individuals.  BBVA is a visible institution in much of the Spanish-speaking world, including Latin America and parts of the US, and a subsidiary of the bank, Bancomer, is the largest financial institution in Mexico.

https://www.occrp.org/en/daily/10367-spanish-bank-bbva-placed-under-corruption-investigation

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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