They arrested former director of the IMF for fraud and money laundering

They arrested former director of the IMF for fraud and money laundering -

The former director of the IMF and former vice president of the Spanish Government Rodrigo Rato was arrested after the Prosecutor Madrid will denounced for alleged crimes of fraud, money laundering and concealment of assets.

Rato was taken in a police car to his office in Madrid by officials of the Tax Agency (AEAT ) to continue the registration started at home hours earlier.

It is being investigated for alleged money laundering after benefit from a tax amnesty approved by the Spanish government in 2012 to regularize their heritage. Following that the Tax Agency began will investigate a "complex network" company of his family.

When in doubt about the origin of some goods declared by Rato, the Spanish Ministry of the Treasury included in a list of 705 people suspected of having been able to launder money with the tax amnesty.

Rato was Vice President of the Spanish Government and Minister of Economics from 1996 to 04 and head of the International Monetary Fund (IMF) between 04 and 07. T lso was president of the Spanish bank Bankia.

he is accused of several crimes, including fraud and forgery, by the alleged irregularities in the IPO the bank 2011. also charged in the case of so-called "black card" which investigates the use of credit cards are not declared by the dome of the entities Caja Madrid and Bankia. The scandal led to his departure from PP last October.

After midnight, the former director of the IMF left his office and he regained his freedom, issued by the judge at the request of prosecutors. The agents took twenty boxes with all kinds of documentation, recent and with more than 15 years old, according to sources of the investigation.

"And told us how manage the economy ... "

president Cristina Fernandez referred to the arrest of former IMF director and recalled its criticism of the handling of the economy and political corruption of the South american country.

"Today I learned that the former head of the International Monetary Fund Rodrigo Rato, former Minister José María Aznar, is in prison for money laundering (...) Those of us who came to tell us how manage the economy, those who dared to talk about corruption in politics in Argentina, "added the president.

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