BANKING SCANDAL

Prosecutors seek to have ex-Caja Madrid chief's case dropped

Attorneys argue against investigative judge’s assertion that purchase of Florida bank was criminal act

Madrid -

Prosecutors have asked the Madrid regional High Court to drop a fraud case against former Caja Madrid president Miguel Blesa due to a lack of evidence, judicial sources said.

Blesa, who spent one night in prison, is now out on 2.5-million-euro bail. Investigative Judge Elpido José Silva said that there was enough evidence to charge Blesa with misappropriation of funds and document forgery stemming from the purchase of City National Bank of Florida. A complaint was filed against him by the obscure rightwing union Manos Limpias.

But according to sources, prosecutors had been against charging Blesa from day one because of a lack of evidence.

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