Saturday, October 24, 2020

Spain: Former head of IMF and Spain’s economy minister denies alleged money laundering

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Rodrigo Rato, who had also been Spain’s economy minister for eight years until 2004 and left his post as managing director of the IMF to become president of Bankia, a Spanish lender whose losses following the 2008 financial crisis saw it nationalized and bailed out for 18 billion euros ($24 billion), is under investigation on a number of counts of suspected financial misdeeds. […]

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