Former IMF Director & Spanish Deputy Prime Minister Rodrigo Rato Arrested For Money Laundering

[forest444]

Source: The Spain Report

Former IMF director, Spanish Deputy Prime Minister, Economy Minister and chairman of Bankia Rodrigo Rato was arrested by anti-fraud police at his home in central Madrid on Thursday evening on charges of money laundering, fraud and defrauding creditors.

Tax and customs officials began searching his house on Thursday evening, El Mundo reported. Following his arrest, Mr. Rato was taken by police to an office in Madrid where a second search was carried out.

VozPópuli reported on Tuesday that Mr. Rato was one of 705 suspects being investigated by Spanish anti-fraud authorities for money laundering and that “Rato is not the only illustrious name in this list of taxpayers.”

Read more: https://www.thespainreport.com/16020/spanish-tax-officials-searching-home-of-former-imf-boss-spanish-deputy-prime-minister-rodrigo-rato/

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Some may remember the aptly-named Mr. Rato as the former Director of the IMF from 2004 to 2007. It was Rato's objections -and of course, Dubya's- that were mainly responsible for the failure to adopt a global debt restructuring mechanism at the time. Vulture funds owe their continued existence to the lack of such a mechanism (they owe their successes in New York courts -the only ones that give them the time of day- to other per$uasion$).

Banksters of a feather...

[MADem]

1. RUH roh!!!!!!!!!!!! nt

[forest444]

2. Dammit. It should happen more often.

Above all to the offshore banksters who, despite being domiciled in the Caymans and despite being responsible for much of the tax evasion and drug money laundering, enjoy full access to U.S. courts.

They should enjoy full access to U.S. jails.

[MADem]

4. I think the Spanish will give him accommodation first! They arrested him after all... nt

[misterhighwasted]

3. Can at least wish that this drags the Bush Criminals down too.

One of the many reasons why Dubya was "selected".

[forest444]

5. +1

That'll probably take a Hollywood-style alien invasion though.

[misterhighwasted]

6. Indeed

And they are sending in Jeb to finish off what W couldn't do.
Bush crime family has been at for generations.

[itcfish]

7. Don't Get Excited

The Popular Party, only had him arrested for 7 hours. He should be in jail for life. He ruined the lives of many along with his conservative party members. Many people have committed suicide when being evicted from their homes because of their policies while their party members got even richer. Shame on them!

[forest444]

8. Thank you for that update, itcfish.

Can't say I'm surprised.

Prime Minister Rajoy is a living example of the right-wing scam at work: he's been a calamity for the everyday Spaniard, but he's very good at the kind of dog-whistle politics that give the desperate locals that anti-immigrant red meat they want to hear.

A little ego massage, while they're driven to penury and the culprits laugh all the way to the bank. Something we in the U.S. can relate to, sadly.