Spain: Jail time sought for ex-IMF boss in bank card probe

January 14, 2016 2:30 PM

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MADRID – Prosecutors are seeking a 4 ½ year jail term for Rodrigo Rato, the former head of the International Monetary Fund, as part of a criminal investigation into corporate credit card misuse when he headed Spain's Bankia group.

The anticorruption prosecutors' office said Thursday Rato was one of 66 people accused in the investigation into the alleged use of "opaque" credit cards from the bank for irregular and undeclared expenses between 2003 and 2012.

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