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Spain judge orders detention of banker
A SPANISH court has ordered the detention of the former head of the savings bank Caja Madrid who is under investigation over alleged mismanagement, three weeks after he was released on bail after spending a night in prison.
Miguel Blesa, 65, who has links to senior members of Spain’s governing Popular Party, spent the night of May 16-17 in a Madrid jail but was released on bail after putting up 2.5 million euros ($A3.41 million).
He is accused of leaving the bank saddled with huge losses because of an ill-advised takeover by Caja Madrid in 2008 of the City National Bank of Florida, which was caught up in the US subprime mortgage meltdown that year.
Judge Elpidio Jose Silva, who had agreed to release Blesa on bail last month, on Wednesday ordered he be jailed this time without bail citing new evidence in the case, the court said in a statement.
In his court ruling last month the judge said he saw “reasonable indications of criminal responsibility” in Caja Madrid’s takeover of City National Bank of Florida.
Read more: http://www.news.com.au/breaking-news/wor…z2VNPzw03O
Source: http://yeoldefalseflag.com/thread-spain-judge-orders-detention-of-banker
