The special and exceptional Spanish high court Audiencia Nacional (National Court) charges criminal responsibilities to Banco Santander for the management of former Banco Popular’s Chairmen Ángel Ron and Emilio Saracho.

According to the Order issued yesterday, Baco Santander absorbed all the patrimonial elements that are part of the liabilities and assets in a block and in universal terms. For this reason, the Audiencia Nacional agrees to the procedural succession by absorption and extends the procedure against Banco Santander, as requested by the claimants.

The Order can be found here