FORMER Bankia and IMF chief Rodrigo Rato has been expelled from his political role within the PP.
The country’s ruling party went into damage limitation mode this week by suspending 13 party members caught up in the ‘magic’ cards expenses scandal.
Rato and more than 80 former executives at Bankia and Caja Madrid face possible criminal charges over allegations that they spent a collective €15 million on tax-free company credit for personal expenses.
The judge presiding on the case ruled that Rato must pay €3 million to the High Court or face having his home repossessed and his assets seized.
Former Caja Madrid chairman, Miguel Blesa, has also been ordered to pay €16 million for his mismanagement of Spain’s second biggest bank.

- Not just for Christmas: The heroic work of Estepona’s Adana kennels - 8 Jan, 2017 @ 10:23
- Bambi on ice - 1 Jan, 2017 @ 16:01
- Cars banned from Madrid streets in trial run for pedestrianised city - 25 Dec, 2016 @ 16:54
- Gang of thieves gas and rob expat homes on Costa del Sol - 22 Dec, 2016 @ 09:14
- Spain boosts security in ‘Christmas hotspots’ following Berlin attacks - 21 Dec, 2016 @ 15:31
- Flood advice: How to claim on insurance following Costa del Sol deluge - 21 Dec, 2016 @ 13:25
- PIC EXCLUSIVE: Britain’s Most Wanted fugitive Mark Acklom strips off in Spain - 21 Dec, 2016 @ 11:05
- Prime Minister Theresa May vows to protect 1.2 million British expats living in Europe - 21 Dec, 2016 @ 09:51
- Britain’s Captain Calamity stranded in Spain after leaving passport onboard abandoned vessel - 20 Dec, 2016 @ 12:43
- Woman from Granada named best rugby referee in the world by IRFU - 20 Dec, 2016 @ 10:36
Rat by name, rat by nature. Gives rats a bad name, in fact lol.