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unhappycamper

(60,364 posts)
Wed Oct 7, 2015, 07:30 AM Oct 2015

Spanish judge seizes passport of ex-IMF chief Rato

http://www.dw.com/en/spanish-judge-seizes-passport-of-ex-imf-chief-rato/a-18764852

A Spanish judge has confiscated former Economy Minister Rodrigo Rato's passport. It said the move was a precautionary measure as court officials investigate allegations of money laundering and tax fraud against him.

Spanish judge seizes passport of ex-IMF chief Rato
06.10.2015

Rato, also ex-chairman of bailed-out Spanish lender Bankia , had his passport seized on Tuesday as he appeared in court for three hours to answer questions from a judge.

The measure came amid continued allegations of corruption , tax fraud and money laundering against the former IMF chief.

Rato has become a focus of Spanish public anger over cases of high-level corruption playing out against a backdrop of recession and austerity cuts in the southern eurozone nation.

Falling into disgrace

The former minister was a star of the governing People's Party, making the judicial investigation of his affairs an embarrassment for the center-right force as it gears up for a national election.
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