Rodrigo Rato, head of Bankia & ex-Minister of Economy, arrested for tax fraud

Rodrigo Rato, Spain’s senior banker, the man accused of hiding billions of euros in losses to inflate the shares of the state owned bank Bankia, ex head of the International Monetary Fund (2004-2007), Spain’s international banking expert and who used to be Minister of the Economy & Vice President under Aznar, was arrested today for grand fraud, money laundering and tax evasion. The arrest is a massive slap in the face for the PP party. Continue reading Rodrigo Rato, head of Bankia & ex-Minister of Economy, arrested for tax fraud