ECB concerned by reports Spanish bank BBVA hired firm to spy in 2004: sources
18 Jan 2019

The ECB has expressed concerns over reports that Spanish bank BBVA (BBVA.MC) hired a former police chief in 2004 to spy on a would-be buyer and some of its officials have discussed it with the bank, a source with knowledge of the situation told Reuters.

Another source briefed about the case confirmed that top European Central Bank officials were concerned and monitoring the situation, and wanted BBVA to be fully transparent and take any necessary measures.

Last week, online media Elconfidencial.com and Moncloa.com, said that BBVA had hired ex-police chief Jose Manuel Villarejo’s firm, Grupo Cenyt, in 2004 to investigate a senior government official and officials of construction company Sacyr (SCYR.MC) as part of efforts to stop a takeover bid.

– By Andres Gonzalez, Reuters, 17 January 2019.

Link to Reuters.

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