Five days before Christmas, ex-Deputy Prime Minister Rodrigo Rato was asked by a prosecutor probing the collapse of Bankia SA whether he’d done business with Jaime Castellanos, chairman of Lazard Ltd.’s Spanish unit.
Just before sunset on April 10, 2006, a DC-9 jet landed at the international airport in the port city of Ciudad del Carmen, 500 miles east of Mexico City. As soldiers on the ground approached the plane, the crew tried to shoo them away, saying there was a dangerous oil leak. So the troops grew suspicious and searched the jet.
Felipe Gonzalez, the former prime minister of Spain, is trying to set up a venture capital fund to finance new projects by young entrepreneurs, El Confidential reported, citing an unidentified person who’s working with him.
Empresa de Energia de Bogota SA, the electricity provider in Colombia’s capital, dropped to a one- month low after W Radio reported the company’s newly appointed president had mentioned on his personal Twitter account a plan to merge city-controlled utilities.
After Spain’s rescue of its banks and cash-strapped regions, the 2013 budget reveals a bailout of the power industry to cover 25 billion euros ($32 billion) of debt accumulated by the electricity system.