Former Caja Madrid chief remanded in custody as flight risk

Miguel Blesa ordered to turn over passport in case investigating loan to failed travel company

Former Caja Madrid president, Miguel Blesa. / EFE

A judge has ordered that the former president of Caja Madrid, Miguel Blesa, be remanded in custody on 2.5-million-euro bail over the lender’s purchase of City National Bank of Florida. The court considers Blesa a flight risk and has also confiscated his passport, according to judicial sources.

Blesa, who headed up Caja Madrid between 1996 and 2009, is being tried for irregularities in the acquisition of the US bank, as well as for a loan of 26.6 million euros that was granted to Grupo Marsans, a travel agency that went bust with huge losses in 2010. Obscure right-wing union Manos Limpias is a plaintiff in the case against the banker.

Blesa was summonsed to court as a matter of urgency Thursday in relation to the 2006 purchase of City National Bank of Florida after Manos Limpias decided to extend its case beyond the initial complaint over the Marsans loan and on the findings of KPMG analysts, who confirmed that the loan did not meet legal requirements.

Blesa and former Marsans owner Gerardo Díaz Ferrán, who is also in jail as part of another investigation, are accused of corporate crimes and falsification of documents. On April 16, Judge Elpidio José Silva also issued summonses to six members of the bank’s financial committee.

Caja Madrid took control of City National Bank of Florida in 2008 after paying 618 million euros for 83 percent of the US lender in a deal approved unanimously by the Spanish bank’s board of directors in order to “strengthen” its presence in America. The Bank of Spain noted that as well as excessive investment in the US lender the purchase was carried out in such a way as to “elude the obligatory control of the tax and economy authorities in Madrid.”

 

Para poder comentar debes estar registrado en Eskup y haber iniciado sesión

Darse de alta ¿Por qué darse de alta?

Otras noticias

Avatar
Periodista de investigación de EL PAÍS

Últimas noticias

Ver todo el día

Un agente de la aduana, primer detenido por el caso Nisman

Una cámara del aeropuerto grabó de forma permanente al fiscal a su llegada a Argentina, dos días antes de acusar a la presidenta Fernández

CiU y ERC aguan las ‘estructuras de Estado’ por los Presupuestos

Mas y Junqueras rebajan su plan tras el dictamen de Garantías Estatutarias

Carlsen, en distancias cortas

El campeón del mundo contenta a sus patrocinadores noruegos en el World Mobile Congress de Barcelona

EL PAÍS RECOMIENDA

Es narcisista, pero es un buen líder

Un estudio concluye que no existe el directivo perfecto

China quiere las tripas y los despojos del cerdo español

Ana Carbajosa Cártama

Las empresas de porcino despuntan con la venta de estómago o intestinos

Lo más visto en...

» Top 50


Webs de PRISA

cerrar ventana