Spain Court Confirms 4.5-year Jail Term For Ex-IMF Chief Rato

Spain’s Supreme Court on Wednesday confirmed former IMF chief Rodrigo Rato’s jail sentence of four years and six months for misusing funds, which is expected to see … Continue reading Spain Court Confirms 4.5-year Jail Term For Ex-IMF Chief Rato

By Channels Television

Updated October 3, 2018

(FILES) In this file photo taken on November 11, 2013 former Bankia’s head Rodrigo Rato testifies before a parliamentary investigation committee at the Catalan parliament in Barcelona. Spain’s Supreme Court confirmed on October 3, 2018 former IMF chief Rodrigo Rato’s jail sentence of four years and six months for misusing funds, which is expected to see him enter prison soon. In February 2017, Rato was found guilty by another court of paying for personal expenses with credit cards put at his disposal when he was the boss of Caja Madrid and Bankia, but had since then been free on bail pending an appeal. Josep LAGO / AFP

(FILES) former Bankia’s head Rodrigo Rato testifies before a parliamentary investigation committee at the Catalan parliament in Barcelona. Spain’s Supreme Court confirmed on October 3, 2018, former IMF chief Rodrigo Rato’s jail sentence of four years and six months for misusing funds, Josep LAGO / AFP

Spain’s Supreme Court on Wednesday confirmed former IMF chief Rodrigo Rato’s jail sentence of four years and six months for misusing funds, which is expected to see him enter prison soon.

In February 2017, Rato was found guilty by another court of paying for personal expenses with credit cards put at his disposal when he was the boss of Caja Madrid and Bankia but had since then been free on bail pending an appeal.

AFP