Spanish Judge Crosses Line by Sending Bank CEO to Jail
By Don Quijones
During arguably the biggest financial heist of human history, commonly referred to as the “global financial crisis,” the Spanish magistrate Elpidio Silva is just about the only judge in the Western hemisphere (outside of Iceland’s parallel dimension, of course) to have sent the CEO of a bailed-out too-big-to-fail bank to jail.
In the late spring of 2013, Silva dispatched Miguel Blesa, the former CEO of Caja Madrid (now the rotten rump of Grupo Bankia), to Madrid’s El Soto prison. Not just once, but twice! Blesa was accused of irregularities in Caja Madrid’s purchase of a Florida bank, as well as a 27-million-euro loan he granted to the now-jailed businessman Gerardo Díaz Ferrán. [For more background on the case, click here, here and here].
On both occasions, Blesa was promptly sprung from jail — the first time around by the country’s highly politicised public prosecution (turned defense) service; the second, by the National High Court. After Blesa’s second release, the government went on the counter-attack, pulling out all the stops to protect the good name of the distinguished banker, former People’s Party politician, and close friend and confidante of Spain’s former premier, José María Aznar, whom Silva has accused of using Caja Madrid’s financial channels for his clandestine arms deals.
Bill Bard says:
Is this likely to continue? The Judge will probably be”suicided”.
Source: http://philosophers-stone.co.uk/wordpress/2014/05/spanish-judge-crosses-line-by-sending-bank-ceo-to-jail/
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