Skip to content
Subscriber Only

Ex-Bank Chief Arrested in Spain in Money-Laundering Probe

Updated on

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.