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    Spain: Banker jailed as inquiry continues into Caja Madrid

    euronews (in English)

    by euronews (in English)

    A Spanish judge has ordered the former chairman of Caja Madrid to be put in jail in a high profile investigation into banking irregularities.

    Considered a flight risk bail was set a 2.5 million euros for Blesa, as an inquiry is carried out over Caja Madrid's purchase of a US bank in the midst of the economic crisis in 2008.