• Bankia case: The Hearing acquits Rodrigo Rato and the other 33 accused

Surprise and "stupor" are the two reactions that are repeated the most among small shareholders and customer and consumer associations after hearing the sentence for the Bankia IPO by which all the defendants, including the former president of the entity and former Minister of Economy,

Rodrigo Rato

, have been acquitted.

All also warn that they will review the sentence and appeal it.

"We are going to appeal the Bankia ruling that was known today. A matter of this importance and social impact must be reviewed by the Supreme Court. We will do so on behalf of a large number of shareholders on whose behalf we have led the private prosecution of the case ", has indicated the Spanish Association of Minority Shareholders of Listed Companies (AEMEC) through a message from his lawyer, Javier Cremades, published on the social network Twitter.

AEMEC

is one of the private accusations in the trial for the 'Bankia case', representing retailers who lost their money with the entity's IPO.

Also

Adicae

(Association for the Defense of Consumers and Users of Banks, Savings Banks and Insurance) has warned that it will study the content of the resolution and it is "almost certain" that it will appeal it because "it does not clarify and contains a thousand contradictions", as its president, Manuel Pardos, said in a press conference called shortly after the publication of the ruling.

In his opinion, it is a sentence "completely unexpected and delayed by ten years", "not very transparent" and that "does not do justice", since they have not declared themselves responsible in a case that dealt with a "catastrophe as monumental as the bankruptcy of Caja Madrid and six other savings banks, causing damage to more than 400,000 small savers ".

Adicae, who had also appeared in the case, has promised that he will not allow the perpetrators of "such nonsense, including fraud, to go unpunished for the crimes."

Another user organization, in this case Asufin (Association of Financial Users), believes that the ruling of the National Court is "contradictory to unheard of", since it ignores the evidence of falsification of the accounts collected in said process that has allowed the return of the money to shareholders affected by civil proceedings.

In a statement, the president of the financial users association,

Patricia Suárez

, regretted that the ruling "is disappointing, incoherent and generates great stupor."

"It is unheard of for the sentence to put black on white that the entity's accounts were accurate, when precisely the Civil Chamber of the Supreme Court relied on the evidence displayed in this procedure to demonstrate that these accounts were not a true reflection of the economic situation of the entity ", has maintained.

Political reactions

On the political side, the most forceful reaction has come from

United We Can

, which has called the ruling "shame" through the deputy of En Comú Podem,

Gerardo Pisarello

.

"We have a problem at the highest levels of the judiciary," he said at a press conference before the Board of Spokespersons of Congress.

In his opinion, the fact that the regulatory bodies "committed genuine excesses cannot be an argument to absolve those responsible for these excesses from a political point of view."

According to the criteria of The Trust Project

Know more

  • economy

  • Bankia

  • Rodrigo Rato

Graphic Who is who in the 'Bankia case'?

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