New prison demands in the last of seven lawsuits filed by the CAM administration

It is a punishment for the nine former directors of the savings bank, the former managing director, that this body demands as special charges. Robert Lopez Abad and former company director Daniel Gil a dozen businessmen, among whom he was constantly accused of unfair distribution of funds as a crime or, secondarily, of persistent unfair management.

This is the last case to be tried in the National Supreme Court for the management of CAM from the seven cases that led to complaints by the Fund in 2015. Understanding that a process that has been archived and reopened several times, and where the Anti-Corruption Prosecutor has sought acquittal on statute of limitations, the events should be classified as unfair administration that envisages five years later, rather than embezzlement that continues after ten years.

The described action affects several actions performed by the device. Property owned by CAM and Tenedora de Inversiones y Participaciones (TIP) “A company that owns real estate (land that is usually not urban development) contributes to that land at a higher price (inflated) and participates as a partner like TIP and CAM provides financing”, as explained by the offender in the indictment Carlos Gomez-JaraIn all processes of the ballot box attorney.

Thus, the participation of the savings bank is expressed in two directions, as shareholder and financierleads to an increased risk. This is reflected in a report by the Bank of Spain, which states that these projects “suffer from a lack of rigor in their approach and have little oversight by TIP and CAM. all fail» indicates.

According to the fund’s stand-alone charge, “Investments in different companies are almost 600 million, 464 of which are considered irreversible losses. It is a damage recorded in the State deficit, which needs to be cleaned up with the public assistance injected by the FGD, and when CAM needs to be intervened and saved because of the danger it poses to the Spanish financial system,” Gómez-Jara argues.

What responsible civilian direct Fund offers tillThe company that CAM has insured its top executives and condemned in the Caribbean business piece. And as a subsidiary, commercial La Ermita Resort SL, Dimehabitat SL, Promotions and Real Estate BlauverdMediterraneo SL and NyesaViviendas Zaragoza SLU

If an agreement that avoids judgment is not reached, López Abad will sit on the bench for the seventh time and third for Gil. The Fund attributes the “personal management” of the financial institution to both, and hence to these transactions. To this end, it relies precisely on the National Supreme Court’s decision regarding the savings bank’s business in the Caribbean; In that decision, “both acted, by mutual agreement, as the de facto directors of CAM and through TIP, whose actions are wholly owned by the box.

Former CEO has credit a firm belief (two years in prison for diets that the former head of the organization falsely accused Modest Krespo) and also another Caribbean business with businessmen Juan Ferri and José BaldóDecision pending in the Supreme Court. Gil was sentenced to the same sentence in the process and was appealed.

The Fund evaluates them together with the former managing director of TIP. productive Canoe, the authors of an ongoing fund diversion offense. Rating for others six former directors and ten entrepreneurs same but how necessary collaborators.It does not change the sentence requested, which is the same for 19 defendants.

Only eight of CAM’s nearly fifty former executives and former executives, who were tried in the cases brought by the ballot box administration, have been convicted with a final verdict. And it was possible save money in two processes: caribbean job and in it Krespo diets. Near 13 million and 28’s insurance in the first and 600.000 € In one second.