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Spanish court jails former IMF chief Rato
By EUobserver
Spain’s high court Thursday sentenced former International Monetary Fund (IMF) chief Rodrigo Rato to four and a half years in jail for embezzlement and found 64 other Spanish bank executives guilty of misappropriation. Rato, who headed the IMF from 2004 to 2007 was also a prominent member of the ruling Popular Party. He served as finance minister and headed up the Caja Madrid and Bankia banks between 2003 and 2012.