International Monetary Fund
Former IMF Managing Director Rodrigo Rato was arrested
Madrid, Spain
Former IMF Managing Director Rodrigo Rato was arrested on 16 April 2015 for alleged fraud, embezzlement, and money laundering. On 23 February 2017, the Audiencia Nacional found Rato guilty of embezzlement and sentenced him to 4 1⁄2 years' imprisonment. In September 2018, the sentence was confirmed by the Supreme Court of Spain.