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International Business Times

World

Imran Marashli

Ex-IMF Chief Rato Gets Four-year Jail Term In Spain For Tax Crimes

International Monetary Fund Spain Prison Corruption Economy Madrid

Rato headed the IMF from 2004 to 2007 (Credit: AFP)

A Madrid court sentenced ex-IMF chief and Spanish economy minister Rodrigo Rato to more than four years in prison for tax crimes, money laundering and corruption, it said Friday.

The sentence comes after the disgraced former heavyweight of Spain's conservative Popular Party was jailed for four and a half years in 2018 for misusing funds while working at lender Bankia.

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There was no evidence that the two had ever met.

We Got This Covered

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Tennessee man allegedly leaves baby inside car in an area with ‘heavy foot traffic and intoxicated individuals.’ Then he’s spotted waiting in line at a bar

Take care of your little ones!

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Sports Illustrated

One subscription that gives you access to news from hundreds of sites

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How the death of two CIA agents in northern Mexico led to a treason case

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