Former IMF Head Arrested Over Tax Fraud…

by
April 17, 2015

imfRodrigo Rato, who led the International Monetary Fund from 2004-2007, was arrested in Spain last night over allegations of tax evasion and money laundering.

An influential figure in Spanish banking and politics, Rato was the predecessor of IMF chief Dominique Strauss-Khan, who left office under a cloud of legal troubles and allegations of sexual assault.

From Madrid, NPR’s Lauren Frayer reports:

“Tax and customs officials raided Rodrigo Rato’s Madrid home last night and took him away in a police car.

“He was released overnight. A judge is preparing to charge him with money laundering and tax fraud. He’s accused of hiding part of his personal fortune overseas illegally and also of mismanaging funds at Bankia, the big Spanish bank he headed before it went bankrupt and needed a bailout.

  • empty pockets

    Aaaand another one bites the dust. What is it with these tax and spend progressive leftists NOT paying their own taxes plus being deeply corrupted? They really do all seem to believe THEY are above the law. Unfortunately all too often that’s functionally true.

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