SPAIN – BANKIA TRIAL: 34 CLEARED OF BANK PRIVATISATION FRAUD

On 29 September, the BBC reported that the former head of Spain’s Bankia bank, Rodrigo Rato, and 33 other defendants have been acquitted of defrauding investors and false accounting in the bank’s stock listing in 2011.  Bankia came to be a symbol of Spain’s financial crisis when the scale of its losses became clear in 2012. Some 300,000 small investors lost out when their shares became worthless.

https://www.bbc.com/news/world-europe-54338784

https://uk.news.yahoo.com/ex-imf-chief-acquitted-spanish-114540062.html

I had left off this link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

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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