RODRIGO Rato is facing a four-and-a-half-year prison sentence over the Bankia and Caja Madrid credit card scandal.
Prosecutors also want the former deputy prime minister and IMF chief to pay €2.69 million in damages.
The ‘black’ credit card scandal erupted in October 2014 after it was found 85 executives at Caja Madrid and its successor Bankia spend €15.2 million on secret credit cards.
Former Caja Madrid chairmen Rato and Miguel Blesa used the cards to reward members with expenses paid by the bank that didn’t show up on their income tax returns.
Prosectors have requested Belsa serve a six-year sentence and pay €9.34 million in damages.
- Electric cars set for Mallorca reboot thanks to AnySolution - 15 Nov, 2017 @ 15:00
- I do! Balearic blushing brides attend three-day exhibition - 15 Nov, 2017 @ 14:00
- Balearic tourism boost as delegation impresses the World Travel Market - 15 Nov, 2017 @ 12:00
- Tourism concern as visitor numbers plummet in Catalunya’s museums - 15 Nov, 2017 @ 10:00
- US director’s Song of Sway Lake makes long-awaited red-carpet debut - 14 Nov, 2017 @ 18:00
- Mallorquin hoteliers check-in to the Forbes rich list - 14 Nov, 2017 @ 17:00
- Biting Brit avoids jail but is handed a suspended sentence for assault - 14 Nov, 2017 @ 16:00
- Thousands of olives planted by Mallorcan scientists to discover the best strain - 14 Nov, 2017 @ 15:00
- Catalunya referendum could lead to recession, fears Bank of Spain - 14 Nov, 2017 @ 12:00
- Former nightlife king Tolo Cursach refused bail as he returns to jail in Palma - 13 Nov, 2017 @ 18:00