The governor of the Bank of Spain, Luis María Linde , and the current president of Bankia, José Ignacio Goirigolzarri , will have to go to testify as witnesses to the National Court in the framework of the investigation into the merger that gave rise to the entity and its Subsequent IPO.
It had been requested by 12 small shareholders that belong to the ADICAE consumer association and Judge Fernando Andreu has accepted, as stated in a car, although a specific date has not yet been specified.
The judge has asked the Bank of Spain to specify in a report if Bankia and its member banks had between 2007 and 2012 deposits and other sufficient liabilities to cover the loans contracted by third parties. And also to refer the 2003 report where the overvaluation of real estate of Spanish banks and savings banks was collected.
The accusations have also called for the witness of former Bank of Spain Governor Miguel Ángel Fernández Ordóñez, the former president of the National Securities Market Commission (CNMV), Julio Segura , and the Deloitte partner who signed the Bankia accounts, as witnesses. Francisco Celma.
The inclusion in the Ibex 35
On the other hand, the judge has demanded that an office be released to the Tax Agency to submit the verification actions carried out between 2007 and 2012 to BFA, Bankia and its members (Caja Madrid, Bancaja, La Caja de Canarias, Caja de Ávila, Caixa Laietana, Caja Segovia and Caja Rioja) in order to see the files opened and the incidents detected.
The diverse documentation requested includes the request that the boxes that formed Bankia send all the information on the granting of loans to the construction and real estate development sector and detail the financing strategies, as required by the Bank of Spain in November. of 2010.
They will also have to report the ” valuation of properties, furniture, land and provisions made on these assets”, as well as the “assets used as collateral in loan and credit operations, especially real estate”. The National Court will also investigate the reasons that Bankia was included in the selective principal of the Spanish stock exchange, the Ibex 35.
For this reason, it has asked the Technical Advisory Committee of the Ibex 35 to submit the complete file on the introduction of Bankia in the indicator, detailing “the parameters taken into account to accredit the necessary liquidity for its inclusion , and subsequent maintenance within said index, after appropriate regular reviews or, where appropriate, extraordinary “.
A complaint by UPyD
The National Court began to investigate the Bankia case on July 4, admitting to processing the complaint filed by UPyD, which maintains that, with the IPO, the administrators committed crimes of fraud, unfair administration, misappropriation, falsification of accounts and machination to alter the price of things.
As much of the research focuses on the IPO, which took place on July 20, 2011, JP Morgan has been required to submit the details of the stock placement operations and their subsequent stabilization . It will also have to make known the emoluments and professional fees charged by the investment bank for the placement of Bankia in the Stock Exchange.