If Miguel Blesa, former CEO of Cajamadrid, thought that he was going to go free after paying his way into power, he was wrong. A Spanish high court, the Audiencia Nacional, opened the door to a full investigation in order to determine if Blesa in any way "obscures or delays" the bank's downfall in 2008 in 2009.
In doing so, he could have used the preferential share strategy to "raise funds and mask the bank's insolvency." It is possible that the courts are calling for Blesa's conviction.
Despite the fact that he has powerful and influential peers, Blesa is not eluding the courts, which are discovering the truth little by little and punishing those who broke the law and caused Cajamadrid to fall.
