Ex-Bank Chief Arrested in Spain in Money-Laundering Probeby and
Former Banesto SA Chairman Mario Conde was arrested along with seven other people, including his daughter, as part of money-laundering investigation, a court official said.
He is being probed along with 14 other suspects, all described as family members or personally linked to Conde, for allegedly laundering more than 13 million euros ($15 million) derived from his tenure at Banesto more than 20 years ago, the Anticorruption Prosecutor said in a statement Monday.
More than 26 million euros went missing while Conde was chairman of the Madrid-based lender, once Spain’s biggest bank, according to the prosecutor. Conde faces potential charges of various tax crimes, the document added.
The arrest follows an investigation by the Spanish anti-tax-crime agency, Sepblac, dating to September 2014. Conde served years in jail for his role at Banesto, from which he was ousted in 1993 in a Bank of Spain intervention.