Anti-corruption prosecutor requests charges against Pescanova’s former managers

SPAIN
Friday, May 17, 2013, 23:50 (GMT + 9)

The anti-corruption prosecutor requested charges against Pescanova’s former managers and various stakeholders for the crime of faking data and using relevant information. In a written statement sent to the Central Court of Instruction No. 5 of the National Court, the prosecution requests the charges after a complaint filed by several shareholders of the multinational Galician firm for the offense of fraud, which was expanded to several corporate offenses related to the market and consumers, and to punishable insolvency, Reuters agency reported. Two of the accused people are the former president of the company, Manuel Fernández de Sousa; and the director Alfonso Paz Andrade. Both executives were denounced for allegedly faking financial information, faking annual accounts and for the use of important information. In mid-April, Fernandez de Sousa admitted to ... FULL STORY