Huge fraud rocks Spain

The beleaguered Spanish government of Mariano Rajoy has been embarrassed by revelations that its party’s former treasurer had a bank account in Switzerland containing up to €22 million.
Luis Bárcenas held the treasury post in the conservative Partido Popular (PP) from 2008 until 2009, when he resigned because of an investigation into his part in a massive fraud network. He stepped down from the party in 2010. The inquiry into that case continues and information a Spanish judge has requested from Swiss authorities shows details of an account held under the politician’s name which coincides with the time he was managing the PP’s finances.  Data show Mr Bárcenas kept an average of €15 million in the account, which was open between 2005 and 2009. In 2007 it contained just over €22 million. Read more.