Former chiefs of nationalised Spanish lender Bankia denied blame for its fall at court hearings, as they attempted to fend off a lawsuit from small shareholders who lost out in the company’s stock market flotation.
Rodrigo Rato, a former International Monetary Fund head and the last of 33 former executives accused of fraud, price-fixing and falsifying accounts, appeared before the judge in a 3-1/2 hour private session on Thursday.
via Business feed http://www.scmp.com/business/banking-finance/article/1109731/former-bankia-executives-reject-blame-banks-fall
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