Treasury investigates Bankia for possible fiscal crime

MADRID – Yet another fraud recently risen to the surface from the muck: some 86 directors and executives of Bankia and/or Caja Madrid, to the value of some €15.5 million, all had access to individual credit cards issued by the banks themselves to its top people or to favoured customers’ executives. There was absolutely no control, no maxing out, on how or on what they were used, which accounts for items such as shopping (even for food), expensive travel and holidays, jewellery, etc. Some cards were used ‘only’ to €120,000, while others to significantly higher figures.//Without getting into too much detail (for fear of boring you, Dear Reader), the cases have now reached the desk of the judge in charge of the Bankia fraud case (yes, another one!), who the Anti-corruption Prosecutor has informed of possible tax evasion and other crimes.

(Editor’s Note: I suppose we’ll have to give some background to this case, too. Okay, we will, in due course… Maybe not: you can read all about it in El País in English.)