UPDATE 1-Spain's Bankia to ask court to freeze Rato assets

April 21, 2015 5:42 PM

50 0

VALENCIA, Spain, April 21 (Reuters) - Bailed-out Spanish lender Bankia said on Tuesday it would ask a court to freeze the assets of former boss Rodrigo Rato, also an ex-International Monetary Fund chief, as it grapples with the fallout of its ill-fated 2011 listing.

As part of an investigation into the flotation -- which took place less than a year before the lender needed rescuing -- Spain's High Court earlier this year told Bankia, its parent BFA and four former managers including Rato to deposit funds with it to cover potential liabilities.

Read more

To category page

Loading...