Jose Luis Olivas Martinez (born 13 October 1952 in

Motilla del Palancar Motilla del Palancar is a Municipalities of Spain, municipality in Province of Cuenca, Cuenca, Castile-La Mancha, Spain. It has a population of 5,224. Notable people

* José Luis Olivas, Spanish politician of the People's Party. He was named ...

, 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 Francisco Enrique Camps Ortiz (born 28 August 1962) is a Spanish politician belonging to the Partido Popular (PP). He served as President of the Valencian Government, the Valencian regional administration, in the period 2003–2011, and is st ...

, 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 The Bank of Valencia was the sixth bank in Spain, and had its headquarters in the city of Valencia, Valencia. It was founded on March 20, 1900, and its first president Jose Tartiere Lenegre. Ten years later, the bank already appeared in the Indus ...

, in 2004 president of Bancaja and in 2010 vice president of

Bankia Bankia () was a Spanish financial services company that was formed in December 2010, consolidating the operations of seven regional savings banks, and was partially nationalized by the government of Spain in May 2012 due to the near collapse of ...

(a bank created by the merger of

Caja Madrid Caja Madrid, formally the Caja de Ahorros y Monte de Piedad de Madrid, headquartered in Madrid,Inicio
." C ...

, Bancaja and others).

went bankrupt in October 2011 and the State took over its control. Olivas resigned. In December 2011 Bankia declared enormous losses and the government nationalized the entity and imposed a new direction. In May 2012 he resigned as president of Bancaja. On 29 June 2015, the Unidad Central Operativa, the serious crime division of Spain's

Guardia Civil The Civil Guard ( es, Guardia Civil, link=no; ) is the oldest law enforcement agency in Spain and is one of two national police forces. As a national gendarmerie force, it is military in nature and is responsible for civil policing under the a ...

arrested Olivas on charges of

embezzlement Embezzlement is a crime that consists of withholding assets for the purpose of conversion of such assets, by one or more persons to whom the assets were entrusted, either to be held or to be used for specific purposes. Embezzlement is a type ...

and

fraud In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compens ...

."Detienen al ex presidente de la Generalitat José Luis Olivas por estafa y malversación."
'' El Mundo''. Retrieved 29 June 2015.

References

{{DEFAULTSORT:Olivas, Jose Luis 1952 births Living people Presidents of the Valencian Government People from Cuenca, Spain People's Party (Spain) politicians Complutense University of Madrid alumni Members of the 4th Corts Valencianes Members of the 5th Corts Valencianes