Home Finance Spanish court drops investigation into Repsol chairman in alleged spying case

Spanish court drops investigation into Repsol chairman in alleged spying case

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Antonio Brufau, chairman of Spanish oil firm Repsol, speaks to CaixaBank Chairman and Repsol shareholder Isidro Faine (L) throughout a ceremony to current firm’s strategic plan in Madrid March 28, 2014. REUTERS/Andrea Comas

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MADRID, June 2 (Reuters) – Spain’s Excessive Courtroom has dropped a proper investigation into the chairman of oil firm Repsol (REP.MC) Antonio Brufau after it discovered no proof of his alleged participation in a decade-old spying case, a court docket doc confirmed on Thursday.

The investigating decide Manuel Garcia Castellon additionally dismissed an investigation in opposition to former Caixabank’s (CABK.MC) chairman Isidro Faine and each corporations, Repsol and Caixabank.

The decide was investigating whether or not Repsol and Caixabank employed Grupo Cenyt, a safety agency belonging to former police chief Jose Manuel Villarejo, to spy on the then chairman of development firm Sacyr (SCYR.MC), Luis del Rivero, in 2011 and 2012.

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Following the top of investigations into Brufau and Faine, former police chief Villarejo and two former safety administrators at Repsol and Caixabank are poised to face trial in a number of months’ time for alleged spying.

Garcia Castellon beforehand closed the case for the 2 executives and the businesses in July, however the next court docket reversed his resolution in February. Underneath Spanish legislation, it’s nonetheless attainable to enchantment the decide’s newest resolution.

Garcia Castellon mentioned each corporations complied with the necessities set out within the legislation to forestall crimes and that “there isn’t a proof or suspicion” that Brufau or Faine knew in regards to the hiring of Cenyt or Villarejo, the outcomes of the alleged spying or the funds allegedly made.

Caixabank and Repsol didn’t instantly return calls in search of remark.

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Reporting by Emma Pinedo; modifying by Barbara Lewis

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