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Article: Chairman of Banking Firm Santander Central Hispano Faces Second Trial.
- Article from:
- Sunday Business (London, England)
- Article date:
- May 2, 2004
CopyrightCOPYRIGHT 2004 Sunday Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Ian Watson
May 2--Shockwaves have been sent though Spain's banking system on news that Banco Santander Central Hispano chairman Emilio Botin is to stand trial on charges of misusing bank funds to resolve a 1999 power struggle in the bank.
Botin, Spain's most powerful banker, has been charged along with two other bank executives with misappropriation of the bank's funds. Banco Santander is Spain's biggest bank and the world's 13th largest. Botin's family have been involved with the bank since it was founded in 1857. He took over as chairman from his father in 1986 when the bank was a small entity.
The court order follows complaints by ...