The Supreme Court closes the Eurobank case 15 years later, and it does so by increasing the penalties to the only two convicted by the demolitialization of this small Catalan bank that left millions in losses to its shareholders when it went bankrupt in 2003. The court has partially upheld the Prosecutor's appeal considering that not only there was unfair administration but also misappropriation.
The National Court condemned last year two of the 14 defendants, María Vaqué, the former administrator of mutuals, and Manuel Vicente Fernandez, manager of one of the mutuals that stole assets of the entity. The main defendant, former president of Eurobank, Eduardo Pascual, could not be judged to be in search and capture. The Supreme Court has now decided to raise the sentence to Vaqué from 2 years and 3 months to 3 years and 6 months in prison, and from 1 year and 1 month to 1 year and 9 months to Fernández.
The second section of the Criminal Chamber of the National Court also sentenced them to compensate the shareholders with 5.1 million euros. The Office of the Prosecutor appealed and requested that Vaqué and Fernández also apply the crime of misappropriation.
The Eurobank case started the Bank of Spain intervened the entity after his then president communicated his intention to waive the banking license. A few weeks later, a court in Madrid declared the suspension of payments, a bankruptcy that ended in the National Court. The Anticorruption Prosecutor's Office and 53 private accusations were filed against those responsible for the entity and its partners. By the instruction of this case three holders of the central court of Instruction number 5 of the Audiencia Nacional passed: Baltasar Garzón, Pablo Ruz and José de la Mata. The trial took 13 years to be celebrated.
The authorities of Burkina Faso They arrested Eduardo Pascual, escaped in 2015 after being imprisoned for 14 months by the case of the ERE, in May 2017. The former banker was in search and capture for the hole he left in Eurobank but also for the macrocause that has been tried in Seville for more than a year. Pascual was arrested after an investigation by the Spanish police in collaboration with Interpol.
The Audiencia Nacional determined that the president of the bank and the two convicts created a group of patrimonial companies controlled by the president that "acted under a unit of action, taking advantage of this network of companies" to cause damage to the bank and its shareholders. The customers recovered all the money.