How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
...you can learn Spanish at a variety of locations across Spain, online or residential and day courses in Spain?
Regardless of your standard, and whatever level you wish to reach Don Quijote has a program to suit your needs!
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Daily Brief - Thursday 23 October 2014
- Mr Grumpy v Angeles Duran
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Wincham announce opening of Marbella office
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
Los Indignados file criminal complaint agianst Bankia chief
Activists from the 15-M protest movement yesterday filed a criminal complaint against former Bankia president Rodrigo Rato at the High Court, accusing him of accounting and financial fraud in connection with the government’s intervention of the commercial bank last month. The complaint also names Bankia and its parent Banco Financiero y de Ahorro (BFA) as co-defendants.
Lawyers for the movement claim that Rato, along with others, presented false figures last year to help with its stock market flotation and rake in investors through this fraudulent scheme. They are asking that the High Court sentence Rato, a former economy minister and IMF managing director, to between 1 and 6 years in jail, bar him from conducting financial transactions for a certain period, and order him to pay fines.
This is now the 3rd such complaint filed against Bankia and Rato. The UPyD party and the obscure rightwing union Manos Limpias have also filed charges against the bank and its former president.
On May 28, the Attorney General’s Office opened an investigation into Bankia after the bank and BFA requested €19 billion from the government to clean up its balance sheet, which was hit hard by the slump in the real estate market. Bankia, which was formed last year through the mergers of Caja Madrid and Bancaja plus five other savings banks, was listed on the stock market in July.
The 15-M movement last month began seeking donations on its website to pay for attorney’s fees in this case. In less than 24 hours, the group collected €19,413 in small contributions from hundreds of citizens.
Meanwhile, Rato has offered to forego the €1.2 million euros he is entitled to from Bankia in exchange for the lender not enforcing a clause in his contract that bars him from working for a rival for 2 years after his departure.
Latest News & Stories
- Spain Sees Cost of Petrol and Diesel Fall
- Spanish Students Protest for 3 Consecutive Days
- Spain's Bankinter profit up 31.6%
- Bank of Spain sees Q3 GDP growth at 0.5 pct q/q
- Spanish unemployment falls to 3 year low
- Spain to invest €864m in ports in 2015
- PP seeks to legalise spot deportations of illegal immigrants
- Catalan Finance Chief Open to 'Scottish Solution' in Spain
- Spain sees foreign visitor numbers up 7.4% 2014 y-t-d
- Iberdrola Profit Declines After Spain Cuts Renewable Subsidies
- How and where to complain about my Bank in Spain
- Bank guarantees - when things go wrong
- Opening a Bank Account in Spain
- Bank Charges in Spain