Spain's High Court proposes trial for 13 former Banco Popular executives, including chairman Angel Ron, on investor fraud charges related to the bank's 2017 collapse.
Spain's High Court has proposed that former Banco Popular chairman Angel Ron and 12 former executives stand trial on charges of investor fraud, following the bank's collapse in 2017. Judge Jose Luis Calama alleges they defrauded investors and committed false accounting during a 2016 capital increase. Banco Popular became the first bank to be wound down under new European rules aimed at avoiding taxpayer-funded bailouts.
March 04, 2024
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