• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Ex-IMF chief Rato sentenced to 4 years, 9 months in prison over corruption case

by December 20, 2024
written by December 20, 2024

MADRID (Reuters) – A Madrid court has sentenced former International Monetary Fund chief Rodrigo Rato to four years, nine months and a day in prison for various crimes related to corruption, the court said in a statement on Friday.

Rato, who already spent two years in prison over a separate embezzlement case related to his tenure as chairman of Spanish lender Bankia, has denied any wrongdoing throughout the nine-year probe.

Following a year-long trial, the court convicted Rato on three counts of offences against Spanish tax authorities, as well as money laundering and private-to-private corruption.

As the decision can be appealed before the Supreme Court, Rato will not have to serve any prison time for now until there is a final ruling, a court spokesperson said.

Rato, who chaired the IMF from 2004 to 2007 and Bankia between 2010 and 2012, previously spent two years in prison after being convicted in 2018 over the misuse of Bankia credit cards to buy jewels, holidays and expensive clothes.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Fed’s Daly says this week’s rate cut was ‘close call’
next post
Microstrategy, other bitcoin-linked stocks slip as crypto market cools off

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Trump implies government could cut contracts and subsidies to Musk’s companies

      June 7, 2025
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (505)
    • Stock (6,426)

    Latest News

    • Trump implies government could cut contracts and subsidies to Musk’s companies
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

    Popular News

    • Analyst says BJP Maharashtra win positive for market, notes populist schemes’ role
    • Jefferies: ‘Are we near the rebirth of new nukes?’

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy