Business

Marbella’s lifestyle is pulled by its intense business and economic drive, promoting Marbella at local and international levels.

Events

Whether it be an upcoming dress-up party, a rock’n'roll concert, or a pet exposition, you will find them all here!

Lifestyle

The predominantly laid-back and friendly attitude of Marbella residents is possibly due to the excellent lifestyle.

News

From one end of Marbella to the other, you will find the latest news all in one place for you to digest.

Persona

Artists, movie stars, singers, nobility, sheiks, Marbella has got them all. The latest gossip is guaranteed!

Home » News

Bank chief sentenced to prison

Tuesday, 29 December 2009No Comment

A court in Spain has sentenced the chief executive of the country’s biggest bank, Santander, to six months in prison for making false accusations against clients 15 years ago.

The court found Alfredo Saenz carried out the deception when he was head of Santander subsidiary Banesto. Banesto has said it will appeal the sentence.

Saenz is not however expected to serve any time in prison as he has no prior convictions.

He was convicted along with two others of making false accusations of fraud against four Banesto clients to force them to repay a loan of 3.6 million euros (5.2 million dollars) in 1994, shortly after Santander took over Banesto.

They must also pay fines of 9,000 euros each, according to a copy of the ruling by the court in Barcelona.


Here are a few related articles you may enjoy:


Tags: , , , ,

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.