FORMER HEAD OF IMF TO FACE TRIAL IN SPAIN FOR ALLEGED FRAUD IN BANK IPO

Baker McKenzie on 11th June reported that Rodrigo Rato, who had also been Spain’s economy minister for 8 years until 2004 and left his post as MD of the IMF to become president of Bankia, a Spanish lender is set to appear in court in a high-profile trial into alleged fraud in the initial public offering which raised investment capital for one of Spain’s largest banks.

http://www.riskandcompliancehub.com/former-head-of-imf-to-face-trial-in-spain-for-alleged-fraud-in-bank-ipo/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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