Tarjetas Black - Caja Madrid

Amount Involved: 6 Million Euros Institute involved:    Nóos Institute Persons involved: Iñaki Urdangarin - (Duke of Palma de Mallorca) and his business partner Diego Torres.  How? : Public money destined for sports events was robbed through a corporate network of  companies. How many involved? : 18 persons in all. Political connections : King Juan Carlos I has a daughter named Cristina de Borbón. She married to  Iñaki Urdangarín Liebaert,a former handball player. Interesting : Cristina de Borbón is also called the "Infanta of Spain" or "Duchess of Palma" . Acquitted in February, 2017. Other personalities involved in the case:  José Luis Ballester Tuliesa , also known as "Pepote" Ballester , managing director of Sports of the Government of the Balearic Islands Private Secretary of the infantas:  Carlos García Revenga  Jaume Matas i Palou - Ex-President of Balears for paying 1.2 Million Euros to Noos Foundation for organizing a ...

Enitities involved: Caja Madrid which later fusioned with Bankia. Persons involved : Miguel Bolesa, Sanchez Barcoj, Rodrigo Rato, Carmen Cafranga, Enrique de la Torre Investigators: Juez Fernando Andreu What is FROB:  Fondo de Reestructuración Bancaria was informed by Mr. Fernando Andreu. FROB considered it to be a very serious case of fraud.   Who was issued the black cards : 86 members of the management and the Board of Directors of Caja Madrid (later Bankia). Problem : There was no criteria while issuing these cards. It was regardless of their salary and benefits package or the expenses while representing the bank. Further, noone declared the expenses to the Treasury (Hacienda), neither the Bank declared it nor the people using the cards declared it. When did the case come to light? In December 2013 through leaked email communications between Enrique de la Torre and Jesús Rodrigo. Miguel Blesa received a CC copy of these communications marked as "Confiden...