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.