The former president of the National Securities Market Commission (CNMV) Rodrigo Buenaventura has declared before the judge of the National Court José Luis Calama that Gotham gave false economic data In the calculations incorporated in the report published on Grifols on January 9, 2024, legal sources have reported to Europa Press.
Buenaventura has declared today, after having had to post allegedly launch deceptive information on the Grifols company.
The former president of the CNMV, and now iOSco secretary, has been blunt when it comes to pointing out that Gotham He had given deceptive and misrepresented information about Grifols and that the supervisor – who has presided until the end of 2024 – has not been able to verify the assumptions indicated by the analysis firm belonging to the American general Industrial Partners (GIP) fund.
In addition, he has sustained in front of the judge that the tweets published by Gotham between January 8 and 9 on Grifols, where It was commented that Grifols’s actions could be worth zerowere as much or more important as the report published on May 9. Buenaventura has considered relevant that Gotham, who uncovered the manipulation of Gowex’s management team, stated in his tweets that Grifols’s situation was like Gowex. For the former president of the CNMV, this contributed decisively to market manipulation by Gotham.
CNMV executives
The Diligence of Buenaventura has produced two weeks after Calamana interrogated, also as witnesses, the CNMV market general director, Ángel Benitoand the director of the Department of Financial and Corporate Information of the Supervisor, Eduardo Manso.
Legal sources explained to Europa Press that, on the one hand, Manso defended that the report that Gotham City Research published about Grifols on January 9, 2024 was particular and with a different objective than those elaborated by the CNMV, Since while the purpose of the supervisor is to verify whether or not the results of a company comply with the accounting regulations, in the case of Gotham the intention was to demonstrate that the price of the shares was zero.
For his part, Benito reaffirmed to consider that Gotham City Research, and its matrix, the American General Industrial Partners Fund (GIP), committed A crime of manipulation by launching deceptive information about the company Grifols.
Anti -corruption complaint
It was last November when Judge Calama admitted a complaint from the Anti -Corruption Prosecutor’s Office that asked to investigate Gotham City, GIP and several of its managers for Supposedly launch biased and misleading information on the credibility of Grifols In order to induce its investors to sell the shares of this pharmacist, which is quoted in the Spanish Stock Exchange and is part of the IBEX 35, causing a drop in the price that would generate a benefit to the two commercially denounced mercantiles.
The magistrate, in the order admitted by the complaint, considered that a crime typified in article 284.1.2 of the Criminal Code could have been committed, which sanctions “who directly or indirectly or indirectly or through a means of communication, by means of the Internet or through the use of communication or information technologies or by any other medium they spread news or rumors or transmit false or deceptive signals about people or companies“.
The magistrate considered that a crime typified in article 284.1.2 of the Criminal Code could have been committed
All this, he added, “offering to the totally or partially false economic data in order to alter or preserve the price price of a financial instrument.” In the case analyzed, the magistrate collected the messages published by Gotham between January 8 and 9 of last year on the old Twitter, currently X, where he included a report on Grifols that concluded that the actions of the pharmaceutical company were worth 0 euros.
As a consequence of that report, on January 9, Grifols actions Loss of 3,814 million euros reached before closing the session. In that same document, the judge added, Gotham reported that it was a subsidiary of General Industrial Partners LP and that it maintained a short position in Grifols, exceeding 0.5% of the share capital. After the publication of the Gotham report, the short position of that was drastically reduced to 0.06%.
Operate in short positions, explained the magistrate, “implies selling shares that are not owned and that have been taken on loan, to sell them advantageously, must later buy in order to return the actions provided. ” “The profit lies in the difference between the sale price of the shares and the purchase of the shares (or repurchase of the sold),” the judge exceeding 9.4 million euros.
 affirms to the judge that Gotham gave false data in the Grifols report){kind=link}