Spain probes executives over bank failure

Senior executives from prominent financial insitution Bankia accused of price-fixing and falsifying accounts.

    Spain is launching a fraud investigation into the collapse of one of its largest banks.

    A Spanish court will begin an investigation into the role of senior executives in the spectacular collapse of the Spanish bank Bankia. Senior executives at Bankia have been accused of price-fixing and falsifying accounts.

    In May, as the euro crisis was escalating, Spain nationalised Bankia. In many ways, the bank's story mirrors the disastrous plight of the country’s whole financial sector.

    Al Jazeera's Simon McGregor Wood reports.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    How different voting systems work around the world

    How different voting systems work around the world

    Nearly two billion voters in 52 countries around the world will head to the polls this year to elect their leaders.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    The great plunder: Nepal's stolen treasures

    The great plunder: Nepal's stolen treasures

    How the art world's hunger for ancient artefacts is destroying a centuries-old culture. A journey across the Himalayas.