Tax office investigate ex-IMF chief Rodrigo Rato’s companies in Sotogrande and the UK

Rato is suspected of trying to lift embargoes on goods through a complex corporate network of companies

LAST UPDATED: 22 Apr, 2015 @ 13:27
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A LAWYERS firm in Sotogrande has been raided by tax authorities in connection to alleged money laundering and fraud offences committed by former Bankia and IMF chief Rodrigo Rato.

Plazas Abogados de Sotogrande is being investigated in connection to Rato’s network of companies, under investigation for tax offences.

Rato, 66, is suspected of trying to lift embargoes on goods through a complex corporate network of companies acting as fronts, set up in several family member’s names.

He was arrested at his Madrid home by tax officers from Spain’s tax authorities last week after a search of the premises.

He has now been identified as the director of Kradonara 2001, a real estate company that has a subscribed capital of nearly €4 million.

Kradonara has now been identified as one of the main routes connected to Rato’s alleged money laundering.

With headquarters in Madrid, the company is managed from the Sotogrande law firm and also has offices in Marbella.

Handled through Servitax, the firm is connected to a vast network of affiliated companies.

One of those companies is Plazas, who was in charge of filing the tax returns for Rato over a 13 year period.

British Vivaway Limited, owned by Kradonara, is also being investigated as Rato owns a stake value of €3.8 million of the company.

The Tax Agency is now investigating whether or not there is a link between Plazas Abogados de Sotogrande and Rato’s corporate network linked with Servitax.



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4 COMMENTS

  1. Fighting corruption and business with tax hevans goes hand in hand. Tax evasion is the main business of what Gibraltarians call their ” Financial Services Industry “.
    Expats and Spanish citizens you have been warned, if you want to draw attention from Spain’s inland revenue (Agencia Tributaria), open an account in Gibraltar and live in Spain.

    You would all be amazed to know just how much information Spain has on Spanish residents with accounts in Gibraltar.

  2. Rodrigo Rato is a Spanish political figure who served in the government of Spain as Minister of the 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.

    This is your Spanish, ex minister of finance, and deputy prime minister, Ciudadanos, stealing Spanish tax payers money. He is simply one of thousands of corrupt public figures in Spain and you have the face to call Gibraltar corrupt?!

    **** Attention world, Gibraltar is the single and total cause of Spain’s financial mess. ****

    The problem with Spain is that it can never own up to its failings, it’s always someone elses fault…

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