Rodrigo de Rato Figaredo

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Rodrigo de Rato Figaredo  link (Politician)
File:Rodrigo de Rato Figaredo.jpg
Born	Rodrigo de Rato y Figaredo 1949-03-18 Madrid, Spain
Nationality	Spanish
Alma mater	Complutense University of Madrid, University of California, Berkeley
Criminal charge	embezzlement
Criminal penalty	4½ years' imprisonment
Parents	Ramón Rato, Aurora Figaredo
Children	3
Spouse	Gela Alarco
Party	People's Party, (temporarily resigned membership)
Bilderberg 1992, 1994, 2005 and 2007, embezzler, money laundering, IMF managing director, Panama Papers

Rodrigo de Rato y Figaredo is a Spanish politician who was Spanish Minister of Economy from 1996 to 2004; a member of the conservative People's Party (PP), he was also First Deputy Prime Minister from 2003 to 2004. Subsequently he became Managing Director of the International Monetary Fund (IMF) and served from 2004 to 2007. Later he was convicted of embezzlement. He was awaiting trial a year later when his name appeared in the Panama Papers.

Career

He left the IMF on 31 October 2007, after the World Bank-IMF annual meetings. He was president of Bankia between 3 December 2010 and until its bankruptcy 7 May 2012.

Rato was arrested on 16 April 2015, and charged with fraud, embezzlement and money laundering. His case was still awaiting trial a year later when his name appeared in the Panama Papers. Despite his prior assurances that he did not own companies in tax havens, apparently he used two offshore companies to avoid taxes on millions of euros kept overseas. It has been reported that he owes taxes to both the Spanish and Panamanian governments.

Embezzlement

On 23 February 2017, Rato was found guilty of embezzlement and sentenced to 4½ years' imprisonment.