CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: DR. KHALID BIN MUBARAK AL-SHAFI

Business

Spain opens case against former IMF chief

Published: 21 Dec 2012 - 01:30 am | Last Updated: 05 Feb 2022 - 10:08 pm

People hold placards reading “We want our money back” during a demonstration against Bankia bank and former IMF chief Rodrigo Rato in front of Spain’s National Court in Madrid yesterday. Rato faces charges linked to the collapse of Bankia, a dramatic fall from grace for a high-flier once touted as a future prime minister. Rato has been called to testify at Spain’s National Court, which opened a case against him and 32 other officials from the bailed-out bank, now a symbol of calamity in the financial system.