Rob Horgan
STATE-rescued lender Bankia has been given a month to front €800 million in relation to a number of scandals.
Several former executives will have to contribute to the bill after thousands of small investors lost money when investing in the bank.
A total of 86 former employees are accused of spending €15.5 million on company ‘magic’ cards for personal expenses.
Among those accused is former CEO Rodrigo Rato, who will now have to pay up.
Impossible that Rato could do anything wrong – look at that confident hand gesture.
Magic cards? They sound wonderful, can anyone apply for one in Spain? Maybe they’re instead of folding B money!
Is that FINE for just Rato at a salary of 2MM E/yr .. or more for “other execs” involved?!