The former
head of Spain's central bank was charged Monday for allegedly allowing the
troubled Bankia bank to list on the stock exchange
in 2011 "despite repeated warnings... that the group was unviable."
Miguel
Angel Fernandez Ordonez, in charge of the central bank from 2006 to 2012, was
charged over the failed listing, which saw small investors lose millions of
euros in investment, as was the former president of Spain's CNMV market
regulator Julio Segura, a court order revealed.
Bankia was
bailed out in May 2012 less than a year after its listing, and is accused of
misrepresenting its accounts ahead of the flotation.
Rodrigo
Rato, a former economy minister and ex-IMF chief who headed up Bankia at the
time of its listing, has also been charged over the scandal.
On Monday,
Spain's top-level National Court said it had ordered the investigating
magistrate to charge Fernandez Ordonez, Segura and six other central bank and
CNMV officials at the time -- an order it insisted was final and could not be
appealed.
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