Miguel Ángel Fernández Ordoñez during a conference in 2012 | Josep Lago/AFP via Getty Images Ex-central bank chief charged over Spanish banking scandal Judges say Miguel Ángel Fernández Ordoñez ignored ‘repeated warnings’ about viability of Bankia.

Spain's top court charged former central bank chief Miguel Ángel Fernández Ordoñez for failing to stop the troubled bank Bankia from being listed on the stock exchange, El País reported Monday.

The former head of the National Securities Market Commission, Julio Segura, was also charged. The ruling said that Ordoñez and Segura green-lighted the first sale of the bank's stocks to the public in 2011 "despite repeated warnings from the inspection team of the Bank of Spain about the non-viability of the group."

Bankia was bailed out in 2012, less than a year after it was listed on the stock market, causing "a serious loss" for shareholders and taxpayers estimated "at around €15 billion," the court said. The bank was accused off misrepresenting its accounts before its initial listing.

The National Court overturned a previous decision from November not to investigate the leadership of the regulatory bodies, saying there were "multiple, sufficient and concurrent indications of criminality."

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