The National Court has agreed to open an oral trial against the former director of the Caja de Ahorros del Mediterráneo (CAM) and the imposition of a bail of 620 million euros for the alleged commission of a continued crime of unfair diversion of funds. The Investigating Court number 3 sits in this way on the bench to the former dome as a result of the complaint filed by the Deposit Guarantee Fund related to various operations financed by the financial institution between 2004 and 2009.
This case was archived on two occasions due to the prescription of the facts but was later reopened and the Prosecutor’s Office requests the acquittal of all those involved. The investigations have focused on the entity used by the savings bank to carry out real estate operations. According to the accusation, the CAM came to pay up to 33.5 million for land that had initially cost 1.3 million, the Aragonese construction company Nyesa being the beneficiary, which promoted a housing complex and golf courses in Biescas (Huesca).
The promotion of three apartment towers in Benidorm is also under suspicion, in which a pitch was also allegedly articulated so that the CAM would benefit related businessmen. The Bank of Spain has come to maintain that these operations “lack any economic rationality with an asymmetry of risks where the CAM was always harmed.”
According to the criteria of The Trust Project