Filmax chief stands accused


MADRID -- A Catalan regional government prosecutor Tuesday accused Julio Fernandez, president of Spanish studio Filmax, of misappropriation of funds while heading film distributor Ivex Films more than a dozen years ago.

At the hearing, the prosecutor asked for six years in jail and a fine of 36,000 euros for Fernandez, who he alleges transferred some 47.5 million euros ($69.5 million) before filing Chapter 11.

The producer denied any wrongdoing, saying that all banks, creditors and interested parties were paid according to the Chapter 11 outline.

"I never took one step that wasn't to pay the last cent to the creditors," Fernandez told reporters at the courthouse. "My personal values and my honor wouldn't let me. I'd rather die first."

A decision is expected to take weeks.