Rato accredits the Bank of Spain of the fusion of seven boxes that gave rise to Bankia - Noticias



On Tuesday, Rato insisted that the Bank of Spain knew the "guts" of the entity, as "he had fifteen people", and he assured that if he joined Bancaja it was for express "instruction" organism


Before the fourth section of the criminal court of the National Court, which this morning resumed the trial for alleged fraud to investors and accounting falsity on the stock market, Rato has stressed that in the almost year and a half that was at the top of Bankia never had certainty that the Bank of Spain doubted the "technical works" made by the entity.

The first part of the interrogation was focused on the process of integration of the seven savings banks that gave rise to Bankia, Bancaja, Caja de Canarias, Caja Ávila, Caixa Laietana, those of Segovia and La Rioja, and Caja Madrid, from which he was president since January 2010, and who went "exclusively" to have capital, as there was no alternative.





Rato held the responsibility of the Bank of Spain for the merger of seven banks that gave rise to Bankia

Rato held the responsibility of the Bank of Spain for the merger of seven banks that gave rise to Bankia




Regarding this, Rato, with a tone of irate and with constant criticism of the prosecutor Carmen Launa, who asks for him five years in prison for fraud to investors, assured that the entry of Bancaja to the cold fusion or SIP came determined for an "instruction" of the Bank of Spain itself.


In this sense, he has related that "the instructions, the money and the control" of this integration were "designed" by the Fund for Ordinary Bank Restructuring (FROB), partisan, like the Bank of Spain, to count on the Levantine entity for the SIP because "a bigger merger was good".



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