BBVA Faces 181.8 Million Euro Fine in Spying Scandal
Spanish prosecutors seek a 181.8 million euro fine for BBVA over an alleged spying scandal. Former chairman Francisco Gonzalez faces potential jail time.
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An anti-corruption prosecutor in Spain has recommended a fine of 181.8 million euros ($208.16 million) against Banco Bilbao Vizcaya Argentaria, S.A. for its alleged involvement in a corporate spying scandal. The case is part of a broader investigation into the hiring of a private agency run by Jose Manuel Villarejo, a former police commissioner, to perform various illegal assignments for major companies between 2004 and 2016.
