Caja Castilla-La Mancha

The transformation of the bank's Obra Social gave rise to the Fundación Caja Castilla La Mancha.

[5] On Saturday, March 28, 2009, the Bank of Spain took the decision to intervene in the institution, dismissing its entire board of directors headed by Juan Pedro Hernández Moltó, appointed three administrators, guaranteed the Caja's deposits with the Deposit Guarantee Fund and immediately notified the Ministry of Economy.

[6] On Sunday, March 29, an extraordinary Council of Ministers met to approve a decree and law endorsing the necessary liquidity injection.

[7] The lack of liquidity was a consequence, in large part caused by its investments in the construction sector[8] and the deep Spanish real estate crisis that had been unfolding since 2008.

[12] On November 3, 2009, the Bank of Spain authorized the "partial integration" into Cajastur of Caja Castilla-La Mancha (CCM), which had been placed under supervision by the supervisor since March.

On September 30, 2010, the transformation of the bank's Obra Social gave rise to the Fundación Caja Castilla La Mancha.

[22] Concerning the 2009 intervention by the Bank of Spain, on October 15, 2013, the judge of the National Court, Pablo Ruz, indicted seven executives of Caja Castilla-La Mancha for their mismanagement of the institution, which could have resulted in a financial loss during their management.

[23] On December 16, 2014, Pablo Ruz opened trial against the former managers of Caja Castilla-La Mancha and imposed 138 million bail on them.

The judge charged Juan Pedro Hernández Moltó and Ildefonso Ortega with disloyal administration and falsification of accounts.