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

April 21, 2015 5:42 PM

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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.

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