Bankia bank floatation was a complete fraud admits Bank of Spain

The Bank of Spain has completed a report into the stock market launch of nationalised bank Bankia, and concluded that it was a complete fraud organised by Rodrigo Rato, the President of the bank at the launch, and carried on by his successor Goirigolzarri. Bankia is a nationalised bank that was formed from the corpses of several failed banks that went under during the recession. Spain forcibly merged them into one super bank and then Continue reading Bankia bank floatation was a complete fraud admits Bank of Spain

Garrucha Mayor charged over “disappearence” of 1.3 million euros from budget

The PP Mayor of Garrucha has been charged in a private prosecution bought by the opposition PSOE party in the town, over a missing 1.3 million euros that vanished from the town coffers. The town budget controller has also been charged in the case. Juan Francisco Fernández had to declare in front of the Judge at Court number 3 in Vera last 11th of November, and the Judge has now decided to open an administrative Continue reading Garrucha Mayor charged over “disappearence” of 1.3 million euros from budget