Judge summons Sepi vice president over Air Europa bailout

The judge of the National Court has opened an investigation against Bartolomé Lora, vice president of Sepi, for a possible crime of prevarication in the Air Europa bailout process. Lora must appear on July 3 to provide explanations regarding his actions in the granting of the 475 million euros that the airline received.

Ongoing judicial investigation, courtroom with judge reviewing financial documents, Sepi vice president sitting in front of a dark wooden table, open file labeled Air Europa bailout 475 million, money flow charts on a digital screen behind, judge's hands pointing at a technical report, dim light from a metal lamp, realistic cinematic style, corporate gray and blue tones, tense hearing atmosphere, details of suit folds and paper texture, dramatic lighting from above, photorealistic render.

The algorithm that could not predict the financial hole 🤖

Sepi's control systems are based on risk models that assess the viability of rescued companies. In the case of Air Europa, internal reports indicated a debt exceeding 2 billion and a 70% drop in revenue. However, the approval parameters did not detect the lack of real guarantees in time. A flaw in the logic of the automatic filters that auditors are now reviewing.

The bailout that came with a broken autopilot ✈️

It seems that at Sepi they trusted the autopilot so much that no one looked out the window. 475 million for an airline that was losing money even before a virus stopped the world. The most curious thing is that the vice president will now have to explain whether it was a human error or a bug in the system. Spoiler: judges do not accept software patches as a defense.