Sound likes it should be the other way around, but not so. The incident occurred in Valencia and involved a municipal policeman who had lost all his savings in a preference-shares deal.

It was around six in the afternoon in Calle Llorá in Valencia and according to police reports the policeman had approached the victim and began berating him, accusing him of ruining him. The victim had worked in Bancaja, which is now part of Bankia, and he had sold him the preference-shares deal.

As a quick aside, there is a tremendous scandal all across Spain over unscrupulous bank staff selling these packages that are really designed for people with a good knowledge of how the stock exchange works. Instead many bank managers and other bank workers took advantage of their good relations with their customers to sell them these high-risk packages, whilst assuring them that their savings were safe and easily accessible. The result was literally hundreds of thousands of people across the Spain losing all of their life savings.

Instead of forcing the banks to return their clients money after misinforming them over the product, the Central Government has turned its back on the victims. The fact that the banks involved have politically-appointed directors belonging to the same party as the Government might have something to do with its inaction.

Anyway, the municipal policeman went around to the retired bank clerk’s house and after expressing his discontent allegedly stabbed him repeatedly in the chest and back of the neck.

Neighbours lost no time in contacting the Policía Nacional who arrested the aggressor, whilst the victim was treated by medics and rushed to hospital the Santa Fe Hospital in the city. He was operated upon and his condition, though serious, was reported as stable.

The municipal policeman had been off sick with depression and had had his service firearm withdrawn prior to the incident – fortunately.

(News: Valencia, Spain)