{"id":14251,"date":"2024-12-20T21:51:53","date_gmt":"2024-12-20T16:06:53","guid":{"rendered":"https:\/\/nepalsamaj.com\/en\/?p=14251"},"modified":"2024-12-20T21:51:53","modified_gmt":"2024-12-20T16:06:53","slug":"ex-imf-chief-rato-gets-four-year-jail-term-in-spain-for-tax-crimes","status":"publish","type":"post","link":"https:\/\/nepalsamaj.com\/en\/ex-imf-chief-rato-gets-four-year-jail-term-in-spain-for-tax-crimes\/","title":{"rendered":"Ex-IMF chief Rato gets four-year jail term in Spain for tax crimes"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p>A Madrid court on Friday said ex-IMF chief and Spanish economy minister Rodrigo Rato received a jail term of more than four years for tax crimes, money laundering and corruption.<\/p>\n<p>The sentence comes after the disgraced former heavyweight of Spain&#8217;s conservative Popular Party was jailed for four and a half years in 2018 for misusing funds while working at a bank.<\/p>\n<p>Prosecutors had alleged that Rato defrauded the Spanish tax office and lined his own pockets to the tune of 8.5 million euros between 2005 and 2015.<\/p>\n<p>Judges found Rato guilty of &#8220;three offences against the Treasury, one offence of money laundering and one offence of corruption between individuals&#8221;, the court said in a statement.<\/p>\n<p>Rato was sentenced to four years, nine months and one day in jail and fined more than two million euros ($2.1 million), which he can appeal at the Supreme Court.<\/p>\n<p>Rato spent eight years variously serving as economy minister and a deputy prime minister in the conservative government of Jose Maria Aznar before going on to lead the International Monetary Fund from 2004 to 2007.<\/p>\n<p>He later headed Spanish lender Bankia, where he misused company credit cards for personal expenses between 2010 and 2012.<\/p>\n<p>That earned him the 2018 jail sentence before he was moved to a semi-open prison regime in late 2020.<\/p>\n<p>The Bankia scandal came to light at the height of a severe economic crisis that left many people struggling financially.<\/p>\n<p>It sparked outrage in Spain, which worsened when the government then spent 22 billion euros on a bailout for the failing lender that quickly won notoriety as a symbol of financial excess.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Madrid court on Friday said ex-IMF chief and Spanish economy minister Rodrigo Rato received a jail term of more than four years for tax crimes, money laundering and corruption. The sentence comes after the disgraced former heavyweight of Spain&#8217;s conservative Popular Party was jailed for four and a half years in 2018 for misusing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-14251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/14251"}],"collection":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/comments?post=14251"}],"version-history":[{"count":1,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/14251\/revisions"}],"predecessor-version":[{"id":14253,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/14251\/revisions\/14253"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/media\/14252"}],"wp:attachment":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/media?parent=14251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/categories?post=14251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/tags?post=14251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}