BBVA instructs Garrigues and Uría Menéndez for ‘spying’ probe

BBVA is being advised by Garrigues and Uría Menéndez in relation to an internal investigation into an alleged spying scandal.

BBVA is alleged to have hired a retired police chief to carry out industrial espionage in order to prevent a construction company from acquiring a stake in the lender.

However, it is understood that lawyers involved in the BBVA internal investigation are yet to find any irregularities.

BBVA has confirmed it engaged the services of the agency Grupo Cenyt, for which the retired police chief at the centre of the allegations worked.