Spanish government seeks distance from Rato affair

April 17, 2015 4:18 PM

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Spanish government seeks distance from Rato affair

MADRID (Reuters) - Spain's government on Friday sought to distance itself from a money-laundering investigation into a former heavyweight of the ruling People's Party (PP), Rodrigo Rato, in an election year in which corruption has become a major theme.

Customs agents searched the home and office of the former economy minister on Thursday. Rato is also a former head of the International Monetary Fund and was chairman of Bankia when the bank was bailed out by the state in 2012.

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