José Luis Olivas

Jose Luis Olivas Martinez (born 13 October 1952 in Motilla del Palancar, Cuenca) is a Spanish politician of the People's Party. He was named the third president of the Valencian Government (the first not to have been chosen in elections) when Eduardo Zaplana moved to Madrid in 2002. A year later he was replaced by Francisco Camps, who took over the leadership of the party in the Valencian Community. Olivas decided then to pursue a business career. In 2003 he was appointed president of Banco de Valencia, in 2004 president of Bancaja and in 2010 vice president of Bankia (a bank created by the merger of Caja Madrid, Bancaja and others).[1]

The Right Honourable
José Luis Olivas
President of the Valencian Government
In office
24 July 2002 – 20 June 2003
MonarchJuan Carlos I
Preceded byEduardo Zaplana
Succeeded byFrancisco Camps
Personal details
Born (1952-10-13) 13 October 1952
Motilla del Palancar, Spain
Political partyPPCV
Alma materComplutense University of Madrid

Banco de Valencia went bankrupt in October 2011 and the State took over its control. Olivas resigned.[2] In December 2011 Bankia declared enormous losses and the government nationalized the entity and imposed a new direction.[3] In May 2012 he resigned as president of Bancaja.[4]

On 29 June 2015, the Unidad Central Operativa, the serious crime division of Spain's Guardia Civil arrested Olivas on charges of embezzlement and fraud.[5][6][7]

References
  1. "Biography of Olivas in www.mediterranea.org".
  2. "Banco de Valencia: Chronicle of an announced bankruptcy". La Vanguardia. 13 November 2011.
  3. "Olivas resigns as number two of Bankia after the scandal of the collapse of Banco de Valencia". El País. 21 November 2011.
  4. "Olivas convenes urgent Council to resign as President of Bancaja". El Mundo.
  5. (in Spanish) "José Luis Olivas y Domingo Parra, detenidos por estafa y malversación por los negocios de Bancaja en el Caribe." Levante-EMV Retrieved 29 June 2015.
  6. (in Spanish) "Detenido el expresidente de la Generalitat valenciana José Luis Olivas." El País. Retrieved 29 June 2015.
  7. (in Spanish) "Detienen al ex presidente de la Generalitat José Luis Olivas por estafa y malversación." El Mundo. Retrieved 29 June 2015.
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