By Catherine Hardy with Reuters
Published on
Rodrigo Rato has been sentenced to four and a half years in prison for misusing company credit cards at a Spanish bank he chaired for two years before its state bailout in 2012.
A former head of the IMF has been sentenced to four and a half years in prison for misusing company credit cards at a Spanish bank he chaired for two years before its state bailout in 2012.
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Rodrigo Rato denied any wrongdoing. He claimed the expenses he accrued on the Bankia credit card were legitimate.
However, he was convicted of unlawful appropriation.