Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Former Spanish economy minister Rodrigo Rato ordered to stand trial for fraud

Sat 18th Nov 2017
Former Spanish economy minister Rodrigo Rato ordered to stand trial for fraud

A Spanish court has ordered that former IMF Head and former Spanish Economy Minister, Rodrigo Rato, will have to stand trial for fraud. This follows the failed 2011 listing of Bankia, which he led and which later needed rescuing by the state. Heís accused of falsifying information about the bankís finances to encourage investors to buy into its stock market listing.

He will stand trial along with 30 other former Bankia executives, and could be given a five-year jail sentence.

The near-collapse of Bankia almost brought down the whole of Spainís financial sector, bailed out by international creditors for 41 billion Euros.

Rato was sentenced in February to 4 years, 6 months, in a separate case, for misusing funds when he was the boss of Bankia and Caja Madrid before that.

Recommended Reading :

* Ex IMF Chief evaded EU68 Mln says Spanish Tax Agency

* Ex IMF Chief faces trial over Spanish credit card use.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs

When shopping for bodyjewelrytips, never buy anything that has nickel. The best type of material is the steel, titanium, wood, anodized gold or gold. Most nickel products will rust and may infect your ear. If you have pierced the naval or eye, you do not need to worry, as that is the most versatile part of the body. You can wear rings, straight, curved or fancy and captive beads. There are many leading body piercing jewelry that offer some of the biggest collection at very affordable price. In regard to shopping, always go to a wholesale shape as that is the sure place of getting any type of body piercing jewelry. The only thing that you need to be careful about is the material used to make the jewelry. There are instances when body piercing might go wrong and the result is an infection. In order to avoid this, make sure that the person doing the piercing is qualified to do so. After piercing is done Bodys piercing trends, you should keep the area sterilized and clean. Use warm water to wipe dirt. Never use spirits as they will corrode the area resulting to a wound which might cause an infection.