BBVA Should Face Trial in Spying Probe, Spanish Prosecutor Says

A Spanish prosecutor has recommended that Banco Bilbao Vizcaya Argentaria SA should stand trial as part of a broad criminal inquiry into alleged corporate spying.

The investigation “has made clear, amply and indisputably in the opinion of the public prosecutor.” that BBVA should face a trial, Alejandro Cabaleiro, a public prosecutor, said in a filing dated May 17. The bank and certain former executives should be tried on charges of bribery and revelation of secrets, Cabaleiro said in the document, a copy of which was seen by Bloomberg News.

Carlos Torres

Photographer: Aaron M. Sprecher/Bloomberg

BBVA Chairman Carlos Torres wasn’t listed as a suspect, but ...