FACUA criticises the Government's lack of action following the national entity's fraud
Bankia's offer is a trap: trying to refund invested money plus 1% and not the legal interest rate of 4%
The Supreme Court declared the entity's flotation on the stock exchange null a few weeks ago in a ruling that states that the 2011 Initial Public Offering had "serious inaccuracies".
FACUA.org
España-17/02/2016
Bankia has announced that it will open proceedings to refund all small shareholders’ investments in the 2011 floatation without them needing to go to court.
FACUA-Consumers in Action believes that this offer has a hidden trap, since Bankia is trying to pay its customers only 1% annua
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