Miguel Blesa, former chairman of savings bank Caja Madrid, leaves the High Court in Madrid March 3, 2014. Blesa, the ex-head of one of Spain's biggest troubled banks, was questioned by a judge behind ... more 
Miguel Blesa, former chairman of savings bank Caja Madrid, leaves the High Court in Madrid March 3, 2014. Blesa, the ex-head of one of Spain's biggest troubled banks, was questioned by a judge behind closed doors on Monday over the sale of billions of euros in risky investments to small savers, who then lost most of their money as the financial crisis unfolded. High Court Examining Magistrate Fernando Andreu is investigating whether Blesa and other executives duped savers into buying hybrid securities known as preference shares, sold as part of efforts to boost the bank's capital and cover up solvency problems. Some 300,000 clients of Caja Madrid and another lender Bancaja lost their savings in the preference shares debacle. Bancaja and Caja Madrid were merged in 2010 with five other savings banks to form Bankia, which became Spain's biggest bailed-out bank. REUTERS/Sergio Perez (SPAIN - Tags: BUSINESS CRIME LAW) less 
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Reuters | Photo By SERGIO PEREZ / REUTERS
Mon, Mar 3, 2014 11:27 AM EST