Spain/Bankia: million-dollar Bail for Rodrigo Rato and Miguel Blesa
The two are accused of having used and granted credit cards the executives and advisers of the Bank with an estimated 16 million loss in an alleged fraudulent scheme of rewards.The defendants claim innocence.The current President of Bankia, Jose Ignacio Goirigolzarri, "ensures that all are practices of the past and now have to work to demonstrate that there is a bright future for the Bank".But outside the Court, dozens of people protested against the defendants. In 2012, the Bankia was forced to resort to the European Rescue Fund, the largest of its kind in the history process of Spain to deal with the hole of 19 billion euros. The merger process of the seven banks in origin of Bankia was marred by suspicions of irregularities.
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