Corruption: Former IMF chief sentenced to over four years in prison

A Madrid court on Friday sentenced former International Monetary Fund chief Rodrigo Rato to more than four years in prison for tax crimes, money laundering and corruption.

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A Madrid court on Friday sentenced former International Monetary Fund chief Rodrigo Rato to more than four years in prison for tax crimes, money laundering and corruption.

The PUNCH reports that judges found Rato, who was also a former economy minister in Spain, guilty of “three offences against the treasury, one offence of money laundering and one offence of corruption between individuals,” the court announced in a statement.