Spain’s High Court on Thursday gave two former senior executives at bailed-out lender Bankia and its predecessor Caja Madrid three days to hand over several million euros as it investigates claims of misuse of company credit cards. Rodrigo Rato, chairman of Bankia up until its state rescue in 2012, was asked to deposit 3 million euros ($3.84 million) with the court to avoid having his assets blocked, the court said. Mr. Rato’s predecessor Miguel Blesa, who used to run Caja Madrid, was told to pay 16 million euros. The two ex-bank chiefs have been accused of improper management by magistrates investigating allegations that dozens of former executives used company credit cards for personal expenses like clothing, food and trips.
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