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Next Domino: Spain, As Main Suspect In Rajoy Graft Scandal Has Passport Confiscated
While today's attention was focused on the austerity-crushing defeat of Monti in Italy and the pre-supposition that the ECB being able to use its OMT promise against an ill-disciplined nation fades; there is another super-cell of destruction wending its way towards Berlin (and Brussels). At the perfect time for such things, Reuters reports that the man at the center of Spanish PM Rajoy's political scandal, Luis Barcenas, has been banned from leaving Spain, had his passport revoked, and ordered to report to court twice a month. The millions of dollars in Swiss bank accounts that investigators found that he had deposited and the linkages to Spain's royalty in the so-called 'graft' case are not playing well with the population as unemployment surges above 26%. Judged as a serious flight risk, the high court judge ordered the steps after finding out he was skiing in Canada two weeks ago (where they suspect funds were also transferred). One protester complained, "They are lying to us, and worse than that, scorning us... Enough is enough, we need some accountability."
A former treasurer of Spain's ruling party, at the heart of a corruption scandal that has hurt Prime Minister Mariano Rajoy, was ordered to surrender his passport on Monday while judges investigate millions of euros he deposited in Swiss banks.
Luis Barcenas is accused of using his position to take bribes, evade taxes by hiding the proceeds in Switzerland and launder money through shell companies, charges that carry prison sentences of up to six years and fines.
The long-running High Court investigation of Barcenas and a graft case involving the son-in-law of Spain's king have enraged Spaniards at a time when deep recession has pushed unemployment to 26 percent and the government has slashed public spending.
After three hours of questioning Barcenas in a closed-door court hearing, High Court examining judge Pablo Ruz ordered steps be taken to restrict the suspect's movements as there was "a serious risk" he might attempt to flee.
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Ruz banned Barcenas from leaving Spain, seized his passport and ordered him to report to a court twice a month.
Barcenas, 55, an avid mountaineer who once scaled Everest, went skiing in Canada two weeks ago, according to media reports. Some of these reports said the police suspected he also used the ski trip to move funds he holds there.
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Then, El Pais newspaper published extracts from what it said were secret PP account books that Barcenas kept for almost 20 years, showing cash donations from construction magnates that were distributed to Rajoy and other party leaders.
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Barcenas says the money in the Swiss accounts is from legitimate business activities, but Ruz's investigation has cast doubt on that defence,
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Rajoy has denied any wrongdoing, either personal or by the party.
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The Barcenas scandal has soured a public mood already bitter over joblessness, cuts to education, health spending and public sector wages, and the 40 billion euros in public funds spent on rescuing failed banks.
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"They are lying to us, and worse than that, scorning us... Enough is enough, we need some accountability," said Ana, 59, a civil servant from Madrid who declined to give her last name.
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he will be climbing up the walls...
This is why it's so important to get a good education at GoldmanSachs University.
He will become part of a new cement wall.
No no. They're giving him plenty of freedom so he can be murdered.
They need him dead because he knows all the connections to the royal family and such.
"is accused of using his position to take bribes, evade taxes by hiding the proceeds in Switzerland and launder money through shell companies"
So....., how's this different than any other corrupt politician found in the swamp called D.C. ?
Calling Harry Ried.......
Mr. Evil, actually things are looking a little scarier than usual tonight. Spain is going to be a big problem, and soon. Italy as well. France has yet to be mentioned today, but with Italy and Spain in bad shape, and France being run, well, by the French, well yet another domino to get knocked over.
Then Germany.
Our turn will come soon after. Good point about our own corruption here, it is hard keeping track of it all, and I am trying!
he was comming to new york to work for dictator bloomberg.
I didn't know the Toronto Dominion Bank ran a ski slope?
I think we can safely say that the fuse of the debt bomb has been lit.....
I have never seen such a bad sell off in my whole life - this usually means we are making multi year low and going much much higher just like in the 2008 dip
Dude better get his torrent of truth out on the Internet before Goldman Sachs has him whacked.
Wouldn't making and selling new derivatives in a bank circle jerk improve the economy and convert all bribes to "assets" or "get out of jail free cards" or something?
One starts to wonder whether all of the clowns will make it out of the volkswagon beetle before it explodes. Apparently not--the view across the Euro continent is some grim fucking shit.
You won't find a judge in this country willing to find a set of nuts and stop high level corruption. Every fucking judge in this country, barring perhaps some low level judge still under the delusion that they are upholding the constitution of the U.S and not yet paid off to act otherwise., will completely capitulate to the scum bags looting this country! Look to the recent Supreme Court decision to allow NDAA to remain the law of the land. Unfrickin believable! These justices are completely corrupted!
4 outright (Jewish) communists, and - as we saw with the Obamacare decision - Soros (Jew) owns Roberts. And the other 4 goyim are equally contemptable.
Check the ownership of our major networks and other news Media and you know the whats and whys!
They are lying to us, and worse than that, scorning us... Enough is enough, we need some accountability,
Sounds familiar....could be talking about our politicians and our country, the good old U.S.
Hey come to America where they only tell the truth.
BFD they seized his PP. He can buy another. It's his accounts they should put the kibosh on.
at some point soon the people of one of the piigs will dornerize and terrorize .gov into submission.
"V for Vendetta" -- life will soon imitate art.
Who is more criminal, Rajoy or our cuddly Obama/Bush heehaw gang we got...eveything kinda pales...
Are you attacking Big Bird?
Just checking.
Being lied to is one thing but being scorned on top of being lied to, now that's a different story.
Having his passport suspended means that if he flees Interpol can go after him. Game over.
With open borders in Europe he can go anywhere he wants - two weeks is a long time! Perhaps the Russian oligarchs can use his services?
""They are lying to us, and worse than that, scorning us... Enough is enough, we need some accountability."
what a stupid whiney cunt....of course they scorn you because they have nothing but contempt for you...you elected them because you love their lies and promises to take other people's money to support your infantile wishes for cradle to grave care with lots of deficit spending in between.....they are bildeberger totalitarian whores and you expect accountability? i scorn you - you naive slut....
over the years i have developed a similar disgust for the common man.
It's kinda like when a whore tells a fat bald old bastard that he's handsome and she loves him. And then he's pissed off when she empties out his bank account.
Really? Bloody hell. The dam breaks.
Italy defies its technocratic Goldman Sacks overlord, and now Spain imprisons effectively its PMs chap.
Prepare to defend ourselves against the paper printers and their political whores.
Hopefully, their prosecutors are better at it than ours (or their laws and procedures as sabotaged as ours). Maybe judge Garzon's hopeful legacy will vindicate them...
even if the prosecutors do not listen to the death threats, the judge will somehow make a "mistake" that will invalidate the whole procedure and even if he is condemned, the government will pardon Barcenas. Two years in a VIP prison and a few million euro waiting for him if he keeps his mouth shut.
Judge Garzon lost his legal license for 11 years due to his crossing the Spanish elite. He issued the arrest warrant for Pinochet of Chile, is the lawyer for Julian Assange, tired to have the Bush team arrested for torture.
https://en.wikipedia.org/wiki/Bush_Six
meant to say "their laws procedures *not* as sabotaged as ours" :P
history tells us it wasn't the bankers who said the last words. it was the kings. the bankers/usurers were expelled from the country, and that happened in many countries. the economies of those countries were so badly damaged that no one could tolarate the existence of the banking creed any longer.
i guess it won't be different this time either. totalitarian local regimes will the crush the bankers, but first there will be blood on the street.
Not so fast with clemency today! In 1314 King Philip IV "the Fair" of France owed Templars' Banking Empire a lot of money, which he didn't really feel like repaying. Conspiring with Pope Clement V he sent assassination parties around Europe with precise instructions when to act. When the dust settled Templas, their Banking Empire and all King's debts were gone - and instead of debt, Philip had now a few hundred new castles available for his noble servants. Nothing was "too big to fail".
Which European hedge fund was liquidating which caused the market to shit itself ever so slightly about this time last week? Anyone ever find out?
When do the bankers get hanged/shot at? Ever? Does anyone even care?
People need to stop complaining and start acting.
The guys unwrapping the guillotines want to be sure that they work!