Rodrigo Rato: Ex-meaning boss convicted of corruption and money laundering!

Rodrigo Rato: Ex-meaning boss convicted of corruption and money laundering!

Rodrigo Rato: A case of corruption that shook the financial world!

A dramatic judgment from Madrid! The former head of the International Monetary Fund (IMF), Rodrigo Rato, was convicted of over four years in prison. The allegations? Tax offenses, money laundering and corruption! A scandal that shakes the Spanish society!

The judges found Rato guilty of several serious offenses: three offenses against the Spanish tax authority, a case of money laundering and another from corruption between private individuals. A judgment published on Friday leaves no room for doubt!

a lengthy process

After a one-year trial, the judgment against the 75-year-old fell. Rato, who had been in prison for two years because of another fraud, has always rejected all allegations. But the evidence was overwhelming! The judges spoke a clear judgment: four years, nine months and one day behind Swedish curtains!

But that's not the end of the story! Rato has the opportunity to appeal against the judgment before the Supreme Court. Until a final decision, he does not have to go to prison for the time being. A court spokesman confirmed that he does not have to compete for the time being.

The background of the scandal

Rodrigo Rato was head of the IMF from 2004 to 2007 and led the Bankia from 2010 to 2012. In addition, between 1996 and 2004 he had various ministerial posts in the conservative government of José María Aznar. A man who was once at the top of the financial world is now involved in one of the greatest corruption scandal Spain!

rato was acquitted in a separate fraud process that affected Bankia's listing in 2012. But this current case throws a dark shadow on his career and the financial world as a whole. The events will continue to work for a long time!