Mario Conde

Source: Wikipedia, the free encyclopedia.

In this
Spanish name, the first or paternal surname
is Conde and the second or maternal family name is Conde.
Mario Conde
Banesto
In office
16 December 1987 – 28 December 1993
President of Civil Society and Democracy
In office
6 October 2012 – 21 May 2013
Personal details
Born (1948-09-14) 14 September 1948 (age 75)
Tui, Spain
Political partyCDS
SCD
Spouses
María Lourdes Arroyo Botana
​
​
(m. 1973⁠–⁠2007)​
María Pérez-Ugena Corominas
​
​
(m. 2010⁠–⁠2016)​
Children2
state lawyer
  • television host
    • Signature

    Mario Antonio Conde (Spanish: [ˈmaɾjo ˈkonde]; born 14 September 1948) is a Spanish businessman, former banker, state lawyer and politician. He served as chairman of Banesto from November 1987 to December 1993, when he was dismissed and the firm intervened by the Bank of Spain, in what would become the first major interference of a government in a financial institution.[1] At the peak of his career in 1987, a 38-year-old Conde controlled over 1% of Spain's GDP.[2]

    Son of a humble

    customs inspector, he was noted for his studying and hard-working capabilities, which led him to obtain the highest distinction of his year's Law promotion at the University of Deusto. Conde's career came to the spotlight when, age 24, he became the youngest State Lawyer in the history of Spain, achieving also the highest grade ever attained in the corps.[3] He remarkably earned the title in little more than a year, when the average candidate took 5.[4]

    After working for two years in the

    Montedison for US$450 million (approximately US$1 billion today).[6]

    The exceptionally wealthy Conde and his partner Abelló, who had amassed a fortune following the deal with Montedison, bought a significant amount of shares of

    Comisión Nacional del Mercado de Valores, the financial regulator of the national securities markets, decided to impose a trading halt on Banesto, and Luis Ángel Rojo, the Governor of the Bank of Spain, communicated the intervention of the banking entity, tasking Alfredo Sáenz Abad with chairing the board of directors of Banesto in a temporary basis.[10] Conde, who stayed in preventive detention from December 1994 to January 1995,[11] faced a trail of judicial problems. He was sentenced to 10 years in prison in March 2000 by the Audiencia Nacional (raised to 20 years in 2002 by the Supreme Court).[11] He in fact served 11 years before being paroled.[12]

    Mario Conde was seen for many years as the ultimate societal role-model. His embodiment of the self-made man was admired by many, dubbing him "the real life Great Gatsby"[13] but also "Spain's Machiavelli".[14]

    Biography

    He was born on 14 September 1948 in

    Extraordinary Prize of Degree
    .

    He joined the State Lawyers Corps in 1973, 1st in his promotion.[15] First destined in Toledo, and later at the Ministry of Finance in Madrid, he left the public administration on voluntary leave in 1976, starting then a career in the private sector.[15]

    Alfonso Escámez (centre) during a reception given by Prime Minister Felipe González (right) concerning the Banesto-Banco Central
    merger, 1988

    Full of ambition, Conde, who has been described as the incarnation of the paradigm of yuppie in the 1980s in Spain,[15] became a major shareholder of the Banco Espaňol de Crédito (Banesto) in October 1987,[7] and, soon after, on 30 November, he was appointed as the Chairman of Banesto,[8] serving from 16 December 1987 to 29 December 1993.[16] His highly successful business career as well as exemplary public image ended when Banesto was declared in bankruptcy.

    With a patrimonial hole in Banesto tentatively estimated at 450,000,000,000

    Comisión Nacional del Mercado de Valores the financial regulator of the national securities markets, decided to impose a trading halt on Banesto, and Luis Ángel Rojo, the Governor of the Bank of Spain, communicated the intervention of the banking entity, tasking Alfredo Sáenz Abad with chairing the board of directors of Banesto in a temporary basis.[10] Conde, who stayed in preventive detention from December 1994 to January 1995,[11] faced a trail of judicial problems. He paid a visit to prison (February 1998 – August 99) fulfilling part of the 4-year and a half sentence that the justice delivered vis-à-vis the "Argentia Trust" case. Regarding the "Banesto" case, he was sentenced to 10 years in prison in March 2000 by the Audiencia Nacional (raised to 20 years in 2002 by the Supreme Court).[11] He in fact served 11 years before being paroled.[12]

    In 1998, he affiliated to the Democratic and Social Centre (CDS),[18] and, postulated as prime ministerial candidate by the party,[19] ran as candidate to the Congress of Deputies, 1st in the UCD list for Madrid vis-à-vis the 2000 general election.[20] CDS failed to obtain parliamentary representation.

    A collaborator in Intereconomía, the media group further to the right in the mainstream Spanish scene, chiefly as panelist in El gato al agua, he became the conductor of a short-lived late-night show called Una hora con Mario ("One hour with Mario") in June 2011.[21]

    He was promoter of the political party Sociedad Civil y Democracia (SCD), registered in 2011. He was elected president of SCD in its constituent assembly, celebrated on 6 October 2012.

    Vox.[26]

    In April 2016 he was rearrested, along with several family members and put into remand due to an apparently fraudulent transfer of capital. A cosmetics company he owns was implicated in the fraud, which combined a failure to pay some workers with the large quantities of money found offshore.

    During most of his life, Conde and some important figures of Spanish society[

    Felipe Gonzalez and José María Aznar.[citation needed
    ]

    Writer

    After his exploits with Banesto he founded the magazine MC and has also published several books in Spanish about his experience of power, his life as a prisoner and his prison experience, Taoism and various religious beliefs as well as his most demanded work, "The System", a long book that details his personal experiences with the supposedly unofficial powers that rule the country from the shadows, those being bankers, politicians, media moguls, and so on. According to Xavier Casals, Conde set the foundations of a "protestatary" brand of populism directed against the economic and political elites.[27]

    Honours

    Bibliography

    • Asalto al poder by Jesús Cacho. Where explains how the criminal conspiracy between Abelló and Conde corrupted one of the most important banks in Spain (which subsequently rescued by Santander Bank).
    • Duelo of titanes. Jesús Cacho. On the failed fusion of Banesto with the Central Bank.
    • M.C. | Jesús Cacho. On the intervention of Banesto.
    • Conde, el ángel caído (the fallen angel) by Luis Herrero.

    See also

    Wikimedia Commons has media related to Mario Conde.

    References

    1. ^ "De estudio sobre la intervención del Banco Español de Crédito" (PDF). Diario de Sesiones del Congreso de los Diputados (323). 19 October 1994.
    2. ^ [1] La Razón: Mario Conde: "Se ha side injusto con el Rey Juan Carlos" - 16 November 2019
    3. ^ [2] La Vanguardia: Mario Conde, el más listo de clase (11 April 2016)
    4. ^ [3] Valls-Taberner, Luis: Querido Mario, queried Luis - Cartas entire Mario Conde y un jóven emprendedor
    5. ^ [4] CincoDías (EL PAÍS): ADL Bionatur, la empresa que resucita del pelotazo de Conde y Abelló - 21 August 2018
    6. ^ [5] NY Times: Montedison Deal - March 4, 1987
    7. ^
      ABC
      . 29 July 2002.
    8. ^ a b Cuartango, Pedro G. (12 April 2016). "Soberbio, ambicioso y amoral". El Mundo.
    9. El País
      . 12 April 2016.
    10. ^ a b "El año que cambio Banesto". El País. 28 December 1994.
    11. ^ a b c d "El Supremo eleva de 10 a 20 años la condena impuesta a Mario Conde por el 'caso Banesto'". El Mundo. 30 July 2002.
    12. ^ a b "Detenido Mario Conde, acusado de blanquear y repatriar el dinero saqueado a Banesto". Faro de Vigo (in Spanish). Prensa Ibérica. 12 April 2016. Retrieved 24 September 2018.
    13. ^ [6] EL PAÍS: Ex-banker Mario Conde arrested for transferring ill-gotten gains - 11 April 2016
    14. ^ [7] The Independent: The rise and fall of Spain's Machiavelli - 2 June 1996
    15. ^ a b c "El banquero que personalizó la ambición de una época". El Imparcial. 11 April 2016.
    16. ^ "De estudio sobre la intervención del Banco Español de Crédito" (PDF). Diario de Sesiones del Congreso de los Diputados (323). 19 October 1994.
    17. ^ Igartua, Maria (11 April 2016). "Conde, del cielo al infierno, el hombre que encarnó el éxito empresarial en los 90". El Confidencial.
    18. ^ "Mario Conde, el fracaso del hombre hecho a sí mismo". Diarioinformacion. 11 April 2016.
    19. ^ a b Grau, Olga (11 April 2016). "Del pelotazo a la cárcel". El Periódico.
    20. ISSN 0212-033X
      .
    21. ^ "Mario Conde aumenta su poder en Intereconomía". El Boletín. 11 October 2011.
    22. ^ a b "Conde, elegido líder de SCD, ataca al Estado autonómico". La Nueva España. 6 October 2012.
    23. ^ Consellería de Presidencia, Administraciones Públicas y Justicia: "Resolución de 24 de septiembre de 2012 por la que se hacen públicas las candidaturas proclamadas por las juntas electorales provinciales de A Coruña, Lugo, Ourense y Pontevedra para las elecciones al Parlamento de Galicia de 2012" (PDF). Diario Oficial de Galicia: 37202. 25 September 2012.
    24. ^ "Sociedad Civil y Democracia, al borde de su "inminente" disolución". Faro de Vigo. 6 February 2014.
    25. ^ "Ciutadans agradece el apoyo de Mario Conde en las elecciones catalanas: "Bienvenido sea"". El Boletín. 16 November 2012.
    26. 20minutos.es
      . 6 February 2014.
    27. ^ Casals, Xavier (20 April 2016). "Conde i Bernad: moralitzadors amorals?". Ara. Generalitat de Catalunya. Retrieved 24 September 2018.
    28. ^ [8] EL PAÍS: La Complutense retira el título de honoris causa a Mario Conde
    Business positions
    Preceded by Chairman of Banesto
    1987–1993     		Succeeded by
    Party political offices
    Preceded by
    Office created
    		 President of Civil Society and Democracy
    2012–2013     		Succeeded by
    María Jamardo
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