The former director of the International Monetary Fund, Rodrigo Rato, who is already at the center of various scandals, is now accused of tax evasion by the Spanish prosecutors seeking 70 years in prison.
The 72-year-old Rato was sentenced in 2018 to 4.5 years in prison for abuse, in one of the cases related to the complex case of Bankia, of which he was director from 2010 to 2012. From October 2020, after spending almost two years in prison, he enjoys a “semi-liberty” regime.
In its announcement, the Anti-Corruption Prosecutor’s Office stated that eleven new charges were brought against Rato, who has previously been Minister of Economy of Spain and Director of the IMF between 2004-2007. Two of the most serious are tax evasion and money laundering.
The prosecutor demands that he be sentenced to 70 years in prison. Only for tax offenses does he ask for Rato to be sentenced to 53 years in prison.
Rato reported that concealed a total of € 8.5 million from the Spanish tax authorities between 2005-2015. For this purpose he used various companies based in Ireland, Panama and Britain and made investments through bank accounts opened in the Bahamas, Switzerland, Luxembourg, Britain and Monaco, among others.
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