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Former IMF Boss in Spain Court Over Alleged Fraud

Thursday, December 20, 2012 20:00
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(Before It's News)

MADRID (AP) — Former IMF managing director Rodrigo Rato has appeared before Spain’s National Court to answer questions over his stewardship of Bankia, a major bank that had to be nationalized and bailed out by the state for €18 billion ($24 billion).

Rato was one of 33 former board members of Bankia SA named in a criminal probe by Judge Fernando Andreu.

Prosecutors have accused them of falsifying the bank’s accounts when it went public a year ago, among other alleged offenses

http://www.nytimes.com/aponline/2012/12/…l?ref=news



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