17th November 2019
Spain's Foreign Minister, Josep Borrell
Barcelona News Catalonia News Madrid News Main News

Spain’s Foreign Minister fined €30k over share sale

Spain’s Foreign Minister Josep Borrell has been fined €30,000 by the securities regulator (CNMV) for taking advantage of private information from a company to order the sale of shares.

In 2015, at a time when he held no public office, Borrell was a board member of the renewable energy firm Abengoa.

According to the securities regulator, Borrell advised a person close to him to sell company shares worth €9,030. His position allowed him to know ‘price sensitive information that had not yet been disclosed.’

Spain's Foreign Minister, Josep Borrell
Spain’s Foreign Minister, Josep Borrell (Blanca Blay / via ACN)

A prominent figure in the government of Prime Minister Pedro Sánchez, Borrell refrained from challenging the sanction yet he said he was in ‘complete disagreement’.

There have already been calls for Borrell’s resignation from Pablo Iglesias, leader of Podemos, Pablo Casado, leader of the People’s Party (PP), and also from the Catalan government.

Related posts

Terrorist mastermind helped by Spanish intelligence to become imam, say reports

Newsdesk / ACN

Directors of Netflix Catalonia documentary return award

SiE Newsdesk / AFP / Agencies

UN working group calls for release of four more jailed Catalan politicians

Newsdesk / ACN

Oriol Junqueras should be allowed to be MEP, states EU Advocate General

News Desk

Focus: Canada-Saudi row, West confronts risk of speaking up

AFP

Catalonia wildfire ‘on road to stabilization’ with just 10% still active

Newsdesk / ACN

Leave a Comment