Spain court prosecutes ex-IMF head Rato

Submitted by glr_Andrea on Sat, 07/07/2012 - 07:50

 

Spain court prosecutes ex-IMF head Rato

A Spanish court Wednesday brought charges against Rodrigo Rato, pictured in March 2012, former head of the International Monetary Fund, over alleged corruption in the spectacular failure of Spanish lender Bankia.

A Spanish court Wednesday brought charges against Rodrigo Rato, pictured in March 2012, former head of the International Monetary Fund, over alleged corruption in the spectacular failure of Spanish lender Bankia.

AFP - A Spanish court Wednesday brought charges against Rodrigo Rato, former head of the International Monetary Fund, over alleged corruption in the spectacular failure of Spanish lender Bankia.

Spain's top National Court launched proceedings in a lawsuit brought against Rato for alleged fraud in his role as chairman of Bankia, from which he resigned in May just before the lender was bailed out, court documents showed.

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