Spain Bankia fraud trial for ex-IMF boss Rodrigo Rato

Former IMF chief Rodrigo Rato and 64 other bankers have gone on trial in Madrid over an alleged credit card racket at Spain’s troubled Bankia bank.

The defendants allegedly used “unofficial” company credit cards for luxury purchases, unconnected with their duties as board members.

Read more: http://www.bbc.com/news/world-europe-37470509

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