The prosecutor asks to carry BBVA to trial for the project to Villarejo | Financial system

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2024-06-01 15:08:03

BBVA Headquarters, Las Tablas.Pablo monk Fernandez

Prosecutor Alejandro Cabaleiro requires BBVA, below investigation for bribery and disclosure of secrets and techniques, to be left one step away from the dock for espionage assignments for businessmen, politicians and journalists by retired Police Commissioner José Manuel Villarejo , in accordance with paperwork in possession of this newspaper. entry, promoted by the company Bloomberg. With the investigation of the case nearly full, the doable prosecution coincides with the hostile takeover launched by the entity chaired by Carlos Torres of Banco Sabadell.

The prosecutor asks the pinnacle of the Foremost Instructing Courtroom quantity 6, Manuel García Castellón, to start out the subsequent stage of the process, which began on the finish of 2018, and attempt to suggest BBVA for crimes of bribery and disclosure of secrets and techniques . The prosecutor makes the identical request to the previous president, Francisco González and different former administrators of the financial institution similar to Ángel Cano, Antonio Béjar or Julio Corrochano, amongst others, in addition to Villarejo himself.

Within the order, of greater than 200 pages and dated Could 17, Cabaleiro opinions the contracts between BBVA and Cenyt, Villarejo’s firm, for 13 years. The prosecutor considers that the investigation carried out by Choose García Castellón confirmed “clearly and no doubt” that the factors to start out the oral trial towards the authorized entity are met. The doc emphasizes that “a big a part of the protection on this process is geared toward attempting to ascertain that nobody in BBVA who’s related for the needs of those issues knew that José Manuel Villarejo Pérez was the true proprietor of the Cenyt Group , that method. attempting to ascertain a ‘firewall’ between the employer and that individual, as a public official.”

Though Carlos Torres has not been charged within the case, the prosecutor factors out that there are e-mails to “examine the non-public affairs of his acquaintances.” This reveals, in accordance with the prosecutor, that “direct obedience” to the orders of senior administration and behaviors “opposite to the moral code” had been carried out at BBVA.

The prosecutor’s transfer is the newest hyperlink in an extended course of investigating the hyperlinks between the entity and the retired police officer. The choose of the Nationwide Courtroom investigating the personal companies of the retired commissioner, Manuel García Castellón, accomplished the investigation focusing on the financial institution on the finish of January, though it has not but been introduced whether or not he sees ample indicators of crimes to arrest the suspect. give. nearer to the entity chaired by Carlos Torres. The prosecutor, in accordance with that doc, appreciates them.

The scheduled date for García Castellón to depart the Central Instructing Courtroom quantity 6 is October of this yr, and he can be 72 years outdated at the moment. The Natural Legislation of Judges (LOPJ) establishes the obligatory retirement of judges and magistrates on the age of 70, though the retirement could be prolonged for an additional two years. And that’s what the choose of the Nationwide Courtroom did, with the approval of the Excessive Council of Judges (CGPJ), who didn’t see any formal flaw in his request.

At first of Could, as printed 5 days, the choose was ready for the completion of the investigation to finish the investigations of the forensic report made by the entity after the outbreak of the case. In line with authorized sources near the process, the pinnacle of the Central Instructing Courtroom quantity 6, Manuel García Castellón, is not going to announce his determination on the judicial way forward for these investigated – amongst them the entity as a authorized entity – till he’ll discover. the conclusions of the knowledgeable reviews requested by Del Rivero and others harmed by Villarejo’s actions.

This calendar influences BBVA’s personal work plan for the approaching months. The financial institution, after making an attempt a pleasant merger for the second time in nearly 4 years, launched a hostile takeover bid at the start of final month to take over Banco Sabadell. The board of administrators of the Vallesan entity considers the provide inadequate, at a fee of 4.83 securities from the Catalan financial institution for every one from the Madrid financial institution, which rejected it. Now it will likely be as much as the shareholders to determine whether or not to undergo with the takeover bid, which have to be approved by the European Central Financial institution (ECB), the Nationwide Markets and Competitors Fee (CNMC) and the Nationwide Securities Markets Fee (CNMV). .

BBVA expects this assault on Sabadell to finish in six to eight months. At the moment, he has requested his shareholders to a unprecedented common assembly on July 5, by which they need to give the inexperienced mild to the transaction, which includes a rise of as much as 20% in capital to accommodate this alternate of shares. And earlier than that, he hopes that the CNMV will settle for the takeover bid, having despatched all of the paperwork to the inventory market regulator final week.

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