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The Bank of Spain and the National Securities Market Commission ( CNMV ) were saved from sitting on the bench of those accused of the scam that allegedly was committed on thousands of investors with the IPO of Bankia on July 21, 2011. However, prosecutor Carmen Launa took advantage this Monday of her last intervention in the trial that is followed in the National Court for the so-called Bankia case to hold both supervisors responsible for the "nightmare" suffered "thousands of Spaniards."

"We have witnessed something unusual in this procedure," said the representative of the Anti-Corruption Prosecutor's Office , calling the reports issued by those responsible for the Bank of Spain and the CNMV "counter-reports" in the course of this process. Launa has accused both supervisors of trying to "distort the reports of judicial officials, inspectors of the Bank of Spain, who had been appointed in the previous proceedings by the investigating judge at the proposal of the same institution."

"A situation parallel to these counter-reports took place in the ICAC," continued the prosecutor in relation to the Institute of Accounting and Audit of Accounts and the reports issued in relation to the work done by the audit firm Deloitte on the accounts of the financial group BFA -Bankia.

That said, the representative of the Public Ministry has assured the court that president Judge Ángela Murillo that "all this accumulation of circumstances has informed us that everything that surrounded the creation of the BFA-Bankia group, its IPO until the resignation of Rodrigo Rato and the nationalization of the entity undermined the external credibility of our economy and led us to the biggest bank bailout in history. "

In a final report that has been extended for more than three hours, prosecutor Launa has acknowledged that "this situation resulted in a kind of nightmare that financial operators wanted to make disappear as if it had not happened, denying its existence and minimizing responsibilities incurred. "

"We have to say that this nightmare happened," replied the prosecutor herself, who has not hesitated to warn the court that this alleged cover-up "meant a bad awakening for thousands of Spaniards." The representative of the Fiscal Ministry has claimed to the court - Fourth Section of the Criminal Chamber - that citizens "have the right to know what happened and also demand the corresponding responsibilities in order to comply with the rules of special and general prevention that imposes our criminal law. "

The prosecutor has told the court that it is necessary to "prevent what caused the collapse of an entire era from happening again and repeating itself."

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  • Bankia
  • Bank of Madrid
  • Bank of Spain
  • Rodrigo Rato
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