Jail Terms Demanded for Ex-CAM Directors
09 May 2012 @ 15:25
Jail terms demanded
The Bank of Spain has now placed the case of the Alicante Savings Bank CAM before the judiciary, commenting that the administrators appointed to run CAM after the Bank intervened should bring criminal charges against its former directors. A statement from the Bank voiced the opinion that the former directors Acted in their own self-interests and plundered the CAM. If a trial does take place, the accused could face between six months and four years in jail and fines of three times what they allegedly took if found guilty.
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