The 15-M claims upon to Rato and the board of BFA-Bankia for fraud

15-M movement today presented to the state court a lawsuit against Bankia, its hue Financial Savings Bank (BFA) and the board of directors of the entity, including its ex president Rodrigo Rato, for false accounting and fraud merchant.

The movement considers that the bank misrepresented their accounts when they went public last year to raise capital, something to call penalties for managers of the entity from 1 to 6 years, prohibitions and penalties.

After presenting the text before the Court, the lawyer Juan Moreno Yague explained that the complaint in that has arrived ten shareholders of the entity requesting the receivership of the bank to replace its current management by an administrator who would report only to the courts.

“There are indications enough accounting” that demonstrate the truth of the charges against the entity and its board of directors for the lawsuit to proceed, has said Moreno, who is confident in the opening proceedings.

“There is something that sets this complaint from others that have been presented, which is that the platform has information about the entity that is transmitted anonymously from within,” said the lawyer.

UPyD also filed a complaint against all members of the board of BFA-Bankia when the first went public, while the Clean Hands group sued.

Both the complaint of 15-M as the UPyD can be incorporated into the demand for clean hands if the High Court considers that the facts to judge are the same, as explained Moreno.

During the press conference, representatives of 15-M movement have claimed that the goal of accountability is the charge of a situation that has caused the weakest are in a situation of helplessness.

They have also considered that the entity has deceived thousands of people who bought shares of the bank when it went public in July last year without knowing the true accounts of BFA-Bankia.

Another representative of the movement has ensured that the target of the complaint is “imprison” those responsible and to demonstrate that democracy is on the street.

The platform “15MpaRato” managed to raise 19,000 euros in one day to pursue this complaint is that although formally “particular” action is a “people against the banks,” said one of those representing the movement, who explained that they do not rule extend these actions to supervisors or politicians.

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