An association of 342 affected by the sale of Banco Popular requests suspend payment of loans

By  elEconomista.es ,  www.eleconomista.es

• View Original
• August 24th, 2017
• 
  

A group of 342 people has formed an association affected by the sale of Banco Popular Banco de Santander and as a first step, the law firm representing them has asked the High Court as a precautionary measure suspending payment of loans twelve from them.

It is the first national association of people affected by this issue, defended by the law firm Sevillian Sanguino, who initially asked for the suspension of payment of loans to people who have submitted all documentation thereof, to an extent sources explain that the firm must be answered before the end of the year.

These people have come together to defend themselves globally "after being affected by the acquisition of shares or subordinated debt and the resolution process of this bank".

The idea is that those affected can meet directly all economic, legal and social actions to be undertaken this partnership, "considering that they will lose all their money and in many cases will jeopardize their own businesses by heavy losses They will have to absorb on their balance sheets. "

With regard to the request for the freezing of loans, it is that the bank granted to purchase its own shares and have caused losses of different amounts to their customers and be forced to repay loans, in some cases, They will culminate in 2018 with the idea of ​​expanding the applications for interim measures go as having the documentation regarding the suspension.

To avoid lists of defaulters

The complaint has been filed against the two boards of directors of Popular and against his audit and claims that the suspension of payment of loans is full and does not imply that users can enter lists of default "by delinquent" or are charged interest delay.

It has also been directed against the decision of the Management Committee of the Authority Executive Resolution (FROB), in order to have access to the administrative record in this case and the report of the auditor Deloitte Touche Tohmatsu Limited (Deloitte), which Banco Popular valued at -2.000 million euros, which would be 8,200 million in a scenario of financial stress.

Members of the association have appealed to people who want to be part of it so that if it acquired subordinated debt or been in one way or another affected following the sale of the bank, can be integrated into the same