ES-2020-01 · Spain · 2020
Audiencia Nacional acquits former Bankia officers over the 2011 stock market listing
Spain's national court acquitted all defendants, including a former IMF managing director who chaired the bank, of charges relating to the accounts published for the bank's 2011 flotation.
- Institution
- Bankia S.A.
- Authority
- Audiencia Nacional
- Status
- Acquitted
- Theme
- Listing prospectus · investor disclosure
- Raised by
- Criminal prosecution and private complaints
- Jurisdiction
- Spain
- Matter arose
- 20 July 2011
- Last recorded
- 29 September 2020
- Amount
- EUR 22.4bn of public recapitalisation reported
What the sources record
The bank listed in July 2011 and was recapitalised with public funds in 2012.
The judgment of 29 September 2020 acquitted all 34 defendants and the two entities charged.
The register records the acquittal as the outcome of the proceedings.
Timeline
2011-07-20
Bankia lists on the Spanish stock market.
2020-09-29
All defendants acquitted by the Audiencia Nacional.
Primary sources
Questions and answers on this entry
- What does register entry ES-2020-01 record?
- Audiencia Nacional acquits former Bankia officers over the 2011 stock market listing. Spain's national court acquitted all defendants, including a former IMF managing director who chaired the bank, of charges relating to the accounts published for the bank's 2011 flotation.
- Which authority is recorded against Bankia S.A.?
- The entry is recorded against Audiencia Nacional, in the Spain jurisdiction, under the theme Listing prospectus · investor disclosure.
- What is the current status of this entry?
- Status: Acquitted. Last recorded change: 29 September 2020. The matter arose or was first recorded on 20 July 2011.
- How was this matter brought to light?
- Criminal prosecution and private complaints. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.
- Where can the primary sources for ES-2020-01 be checked?
- The entry links to Reuters — Bankia executives acquitted, 29 September 2020.
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