Fri. Apr 19th, 2019

They absolve Narcís Serra and the other 40 defendants for the bonuses

They absolve Narcís Serra and the other 40 defendants for the bonuses


The Eighth Section of the Audiencia of Barcelona has acquitted Narcís Serra, former president of Caixa Catalunya; the former Director General, Adolf Todó, and the other 39 accused of the Board of Directors accused of unfair management and misappropriation for the increase of salaries to directors of the entity in 2010.

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The Superior Court of Justice of Catalonia (TSJC) has stated in a statement that the facts declared proven "are not constituting the offense of unfair administration or of misappropriation," as proposed by the accusing parties.

After 28 trial sessions, the magistrates understand that the agreements of the Board of Directors to increase the salary of the then general director, Adolf Todó, and the deputy general director, Jaume Massana, "do not present a criminal character", despite doing so in a general context of economic crisis and in a particular situation of weak cash.

The court does note that this increase in salaries was undoubtedly "difficult to digest" by the population in the context in which it was, completely shackled by a catastrophic economic crisis for a society that had six million unemployed in its active population .

The Eighth Section of the Audiencia de Barcelona has had a headache to discern whether the salary increases were in the interest of the entity or a particular interest, as the accusations maintained. Thus, it is considered that Narcís Serra, "far from claiming a financial loss to the entity, pursued the opposite" to seek to ensure the permanence of the management team.

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