For the first time, the National Audience has charged a branch manager criminally for mis-selling banking products.
This is a very near miss for the Nordea Bank S.A. boys whose case was thrown out of Court by the same Judge, Fernando Andreu, because he considered that there was not enough evidence to consider that there was a pre-conceived plan, by Nordea Bank, to cheat customers.
In this other case, the Bankia branch manager of a town in the Alicante area (Alberic) was reluctantly indicted by Fernando Andreu because his superiors in the same Tribunal ordered him to include, as part of a more extensive criminal investigation carried out against the CEOs of this bank, the end users who had been scammed into buying “preferential shares”.
After this gentle kick in the backside, the Magistrate has just requested the bank to provide a copy of the informative prospectus and the promotional literature.
Now that the Magistrate seems “convinced”, would he not want to see a copy of the promotional literature as offered by Nordea Bank Luxembourg S.A., from Luxembourg of course, that devises, encourages, promotes and sells tax evasion products specifically designed to cheat the Spanish Tax system (and which was reported), as well as its customers?
Jesper, we think it’s about time that you report your own bank for tax fraud, before it’s too late…
If you cannot find originals and copies of your own brochures don’t worry, we have plenty.
The erva member involved has stated that this was a travesty of justice, as they were convinced that Nordea were well aware of what they were doing. In the intitial investigation they were not permitted under the current Spanish Court rules to make a statement to the court, in fact no statements are permitted. The court rules simply on the documents that were submitted in the original application. Perhaps if the ruling by the Spanish Ministry was available at the time and other evidence that has been discovered recently had been submtted, then the result could have been very different. One also has to take into consideration that the defendant can actually lie to the court in its presentation and the instigator of the complaint cannot reply to this. This strange rule has been in existence since the Spanish Inquisition, perhaps it is time to have it repealed. This of course could never happen in English Law. Perhaps Lawbird should re-visit this case and consider opening up criminal proceedings once again, if that is possible.
That man Jesper Hertz needs castrating, they appear big enough. In fact he needs to be hung up with them until they drop off and he comes back to earth with on his head, perhaps it may alter his view on conning people.
Perhaps the Judge should have taken more time scrutinised the documents more closely. I cannot believe that a complaint such as this was washed over. When another Judge has accepted a criminal complaint against Danske Bank. There does seem to be double standards going on in the Spanish Legal System. How is it that NORDEA BANK SA LUXEMBOURG claim that they do not have a branch office in Spain, I presume as they are not licenced for such. Instead they call it a Representive Office, much like an Exhibition Stand, but are not allowed to conduct business from the office they simply give out information. What a load of nonsense this is. Jesper Hertz has openly sold the Nordea equity release product from this office. Not only that but his clients state that he is the only person they have seen, he was NORDEA’S representative at the Notary. He advises them also on the investments, as well as plays golf with them at Miraflores where he has a corporate membership and continually sponsors golf tournament there on behalf of NORDEA BANK. Sounds to me that he knows precisely what is going on. Without doubt he will be brought to explain his actions at one court or another and the day is coming more quickly than he thinks.
What I find fascinating about NORDEA BANK SA, is that it is supposed to be the largest bank in the Scandinavian area. “Christ” Clausen, that is what he thinks his name is maybe its Chrisitian, the man in charge of the Nordera Group is also the President of the European Banking Association (I think that is the correct one). Does he really know what is going on in his group. I noticed last weekend the bank sponsored one of the European Tour events in Sweden. Yes it was the NORDEA MASTERS. Let me correct that. We the victims of their TAX EVADING EQUITY RELEASE PRODUCTS in Spain sposored it in effect, well they used our money to do it. Bear in mind that to sponsor such an event must have cost them 10 million Euro, around what they have lost British pensioners in Spain. Perhaps “Christ” Clausen could live up to his name and instead of sponsoring the event next year. GIVE THE MIONEY BACK TO THE POOR your company has ruined them.