Rodrigo Rato convicted: prison sentence for corruption and money laundering!

Rodrigo Rato convicted: prison sentence for corruption and money laundering!

Rodrigo Rato, the former IMF boss, now has to answer to the court!

In a shocking judgment, a Madrid court sentenced the former head of the International Monetary Fund (IMF), Rodrigo Rato, to more than four years in prison! The indictment is on tax offense, money laundering and corruption. A case that makes the Spanish public list!

The judges found Rato guilty in several points: three violations of the Spanish tax authorities, a case of money laundering and another from corruption between private individuals. A judgment that was published on Friday and the Rato plunges into an even deeper crisis!

a man with a controversial past

Rodrigo Rato, who headed the IMF from 2004 to 2007 and steered Bankia's fortunes from 2010 to 2012, has always resisted the allegations during the entire nine -year investigation. But the evidence was overwhelming! He had already spent two years in prison because of another fraud that came up as a bankia chairman during his time.

After a one -year process, the verdict has now been made: Rato has to do for four years, nine months and a day behind grids! But that's not the end - he can appeal against the judgment before the Supreme Court of Justice. This means that he does not have to go to prison for the time being until a final decision is made.

high penalties and financial consequences

Rato, who served as Minister of Economics and Vice Prime Minister between 1996 and 2004 under the conservative Prime Minister José María Aznar, is now faced with the consequences of his actions. A man who was once at the top of the international financial world now caught in a network of corruption and fraud!

The story of Rodrigo Rato is an urgent example of how quickly the fate of a powerful man can turn. The eyes of the world are aimed at Spain, while this continues to cause excitement!