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Former IMF head sentenced for credit card fraud

Former IMF head sentenced for credit card fraud
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By Catherine Hardy with Reuters
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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.

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