So the revelations about the Economic Direction of the Presidency (EDP) keep on coming. Mr. Conthe, ex-president of the National Commission of the Market Shares (CNMV, the equivalent to the US SEC) has stated that he has "direct evidence" that Carlos Arenillas, vicepresident of the same Commission, received orders and acted as a representative from the EDP in the case of FG Valores in Jan 2005. "There was an incorrect mixture of personal links and public functions in realtion with a dossier about the president of the Bank", referring himself to Francisco González, the President of one of Spain's most important banks BBVA.
El ex presidente de la Comisión Nacional del Mercado de Valores (CNMV) Manuel Conthe afirmó este lunes tener "evidencia directa" de que el vicepresidente del organismo, Carlos Arenillas, recibió instrucciones y actuó como "correa de transmisión" de la Oficina Económica de Presidencia del Gobierno sobre el expediente FG Valores en enero de 2005. En concreto, señaló que tiene evidencia clara de un supuesto en el que a su juicio, hubo una "mezcla indebida de vínculos personales con funciones públicas en lo relativo a un dossier sobre el presidente de un banco", en alusión a Francisco González, presidente del BBVA.
More about the embarrasing news:
ABC.es: economia - economia - Moncloa intentó utilizar a la CNMV para acosar al presidente del BBVA
But the things get more interesting. The person who was then the Director of the EDP was Miguel Sebastian (photo, left), now Socialist candidate to be Madrid's Major, appointed by Zapatero, with no kind of militants' elections and who is said to be the one who wrote the dossier to indict Francisco González.
Leftist radio Cadena Ser from Spanish holding PRISA, S.A., denied yesterday any meddling in the affair. But leftist newspaper EL País, from the same holding, has contradicted the radio and has recognised that it was Sebastian's doing.
The Socialist candidate has suspended all his activities for the next 2 days.
It was said on those days that Sebastian wanted González's job.
At the same time, Solbes, Economy Spanish Minister says that "hmm, that is something of the past". Coming from a Government who is everyday searching for Historic Memory that is a somewhat bizarre statement. And at the same time, he is acknowledging that it was true...
El País deja en evidencia a la SER y reconoce que el dossier contra Francisco González viene de Miguel Sebastián - Libertad Digital
La Nación - El PP plantea que el presidente de la CNMV sea elegido por el Parlamento
Conthe acusa a Moncloa de usar la CNMV contra el presidente del BBVA - 20minutos.es
Left, Mr. Conthe, Mr Solbes (Spanish Mister for Budget and Economy) and Mr. Segura (new President of the CNMV), at the official act of the latter's apointment as President of CNMV.
I have to add that Solbes and Sebastián have had a little war in the shades over the economy. Zapatero is a friend of Sebastián while he had to name Solbes to quiet some of his parties voices. It is rumoured that Sebastián is going to be named new Budget and Economy Minister after the May elections as he has not very good perspectives with the elections in Madrid.
As you can see in the photo, Segura is from Sebastian's school. Is is my imagination or is he laughing about Solbes?
And what the leftists have said? The same El País has, in an editorial blamed all the problems in "Conthe's lack of discretion, moderation and level-headed analysis that should have any high responsable of a financial control body". Well, thank God Conthe is a Socialist. I wonder what they would have said if a center-right person would have been appointed.
And yes, the problem of the corruption is that people denounce it, not that people commits it. Marvellous...
La Frase Progre: "Todo arranca con el nombramiento de Conthe, que nunca dispuso de las cualidades de discreción, mesura y análisis ecuánime de la realidad que debería tener el máximo responsable de un organismo regulador financiero"
Arenillas minti�: Conthe demuestra que Moncloa estaba detr�s del acoso a FG - elConfidencial.com
Related posts: Corrupsoe reloaded (part 1): Ibiza and Arenillas.ABC.es: economia - economia - Moncloa intentó utilizar a la CNMV para acosar al presidente del BBVA
El ya ex presidente de la Comisión Nacional del Mercado de Valores (CNMV), Manuel Conthe, aprovechó ayer la toma de posesión de Julio Segura, para dar a conocer las «pruebas» por las que asegura que el vicepresidente de la CNMV, Carlos Arenillas, no debe permanecer en el cargo. Según explicó en una improvisada rueda de prensa, el sábado 15 de enero de 2005, Arenillas le llamó por móvil para que se vieran urgentemente «donde fuera», porque tenía «un documento importantísimo» que enseñarle. De esta forma, Conthe se presentó en el domicilio de Arenillas, la segunda y última vez que lo haría. En sus manos tenía el dossier de la venta de FG Valores a Merril Lynch, afirmando que se lo «había pasado la Oficina Económica de la Moncloa», donde había acudido con su coche oficial a recogerlo y, con la advertencia de que una copia del documento obraba en manos del jefe de informativos de la Cadena Ser, Javier Ruiz. Acto seguido, Arenillas llamó al periodista, quien se reunió con ellos pasados cinco minutos, llevando el dossier. Conthe les dijo que ese documento sería «irrelevante» si no pasaba el registro de entrada de la CNMV, lo que sucedió el lunes 17 de enero. Cinco días después, el 22 de enero, dicho dossier quedó archivado por entender la CNMV que era «prácticamente imposible» esclarecer las posibles irregularidades contables que se denunciaban. Estos hechos sucedían en el momento en que Sacyr acosaba al presidente del BBVA, Francisco González, tras haber comprado un poco más del 3% del banco.
But the things get more interesting. The person who was then the Director of the EDP was Miguel Sebastian (photo, left), now Socialist candidate to be Madrid's Major, appointed by Zapatero, with no kind of militants' elections and who is said to be the one who wrote the dossier to indict Francisco González.Leftist radio Cadena Ser from Spanish holding PRISA, S.A., denied yesterday any meddling in the affair. But leftist newspaper EL País, from the same holding, has contradicted the radio and has recognised that it was Sebastian's doing.
The Socialist candidate has suspended all his activities for the next 2 days.
It was said on those days that Sebastian wanted González's job.
At the same time, Solbes, Economy Spanish Minister says that "hmm, that is something of the past". Coming from a Government who is everyday searching for Historic Memory that is a somewhat bizarre statement. And at the same time, he is acknowledging that it was true...
El País deja en evidencia a la SER y reconoce que el dossier contra Francisco González viene de Miguel Sebastián - Libertad Digital
la Cadena SER. La emisora negó este lunes que el origen del informe fuera la Oficina Económica de Moncloa, pero este martes el editorial de El País pone en evidencia a la cadena al señalar al propio Sebastián. El candidato socialista a la Alcaldía de Madrid ha suspendido sus apariciones durante este martes y el miércoles.What is more, he said this in the act in which the new President from the CNMV was officialy named. The new President, Mr. Segura was a Communist in his youth -very appropriate as someone who has to monitorize the share markets of a capitalistic nature: La Nación - Conthe acusa a Arenillas de ser correa de transmisión del Gobierno en el caso FG
Conthe realizó estas acusaciones ante los periodistas pocos minutos antes de que Segura tomara posesión, en un acto en el que participaron el vicepresidente segundo del Gobierno, Pedro Solbes, el propio Arenillas, y en el que estuvieron presentes, entre otros, el consejero delegado del BBVA, Jose Ignacio Gorigolzarri.AS a result of the recent scandals in the CNMV, Popular Party is going to defend in Parliament on Thursday (that is, today), that the election of the President of the CNMV is made by a qualified majority of 3/5 of the Congress, something which has been more insisted on as a result of the last scandals, both related with Endesa turnover bid by Italian Enel and Spanish Acciona, and the now voiced -but which a lot of people suspected- pressures to convict Francisco González.
La Nación - El PP plantea que el presidente de la CNMV sea elegido por el Parlamento
El PP defienderá este martes en el Pleno del Congreso de los Diputados que el procedimiento de elección del presidente de la Comisión Nacional del Mercado de Valores se realice a través de una mayoría cualificada de tres quintos de la Cámara Baja, reivindicación que los 'populares' han acentuado a raíz de las OPAs sobre Endesa y especialmente, tras las acusaciones que Manuel Conthe ha lanzado contra la Oficina Económica de la Presidencia del Gobierno al dejar el órgano supervisor.
Conthe acusa a Moncloa de usar la CNMV contra el presidente del BBVA - 20minutos.esLeft, Mr. Conthe, Mr Solbes (Spanish Mister for Budget and Economy) and Mr. Segura (new President of the CNMV), at the official act of the latter's apointment as President of CNMV.
I have to add that Solbes and Sebastián have had a little war in the shades over the economy. Zapatero is a friend of Sebastián while he had to name Solbes to quiet some of his parties voices. It is rumoured that Sebastián is going to be named new Budget and Economy Minister after the May elections as he has not very good perspectives with the elections in Madrid.
As you can see in the photo, Segura is from Sebastian's school. Is is my imagination or is he laughing about Solbes?
And what the leftists have said? The same El País has, in an editorial blamed all the problems in "Conthe's lack of discretion, moderation and level-headed analysis that should have any high responsable of a financial control body". Well, thank God Conthe is a Socialist. I wonder what they would have said if a center-right person would have been appointed.
And yes, the problem of the corruption is that people denounce it, not that people commits it. Marvellous...
La Frase Progre: "Todo arranca con el nombramiento de Conthe, que nunca dispuso de las cualidades de discreción, mesura y análisis ecuánime de la realidad que debería tener el máximo responsable de un organismo regulador financiero"
"Todo arranca con el nombramiento de Conthe, que nunca dispuso de las cualidades de discreción, mesura y análisis ecuánime de la realidad que debería tener el máximo responsable de un organismo regulador financiero"But there is more: VP Arenillas also lied to Congress. When he asked if he had received pressures or instructions for any of the Government members or by their consulting bodies, he denied it. He said that "at any time he had received any of those".
Arenillas minti�: Conthe demuestra que Moncloa estaba detr�s del acoso a FG - elConfidencial.com
Carlos Arenillas, vicepresidente de la CNMV, est� entre la espada y la pared, obligado a dimitir hoy mismo sin m�s dilaci�n. Las revelaciones que realiz� ayer el presidente saliente del supervisor, Manuel Conthe, sobre el �caso FG� demuestran que Arenillas minti� en el Congreso de los Diputados. All�, el vicepresidente asegur� que �en ning�n momento hab�a recibido instrucciones o presiones por parte de ning�n miembro del Gobierno o de sus organismos asesores�
Technorati Tags: Spain, CNMV, Conthe, Arenillas, Solbes, Sebastián, Zapatero, Francisco González, BBVA, Spanish elections 2007, PSOE, PP
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