Rato Trial

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The trial of former IMF chief Rodrigo Rato began on Monday. He is accused of overseeing corruption during his time at Bankia which permitted senior managers to spend millions of euros of the bank’s cash using undeclared credit cards. Prosecutors have called for a custodial sentence of four-and-a-half years and a fine of €2.6 million for Rato, a one-time Spanish economy minister and deputy PM.

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