799:
172:
25:
1528:
964:€3 billion in losses. In October 2014, it became known that between 24 October 2010 to 28 November 2011, Rato made 519 purchases with a secret corporate credit card, spending a total of €99,041. Among these purchases he spent in one day were €3,547 in alcoholic beverages and €1,000 in shoes, along with 16 cash withdrawals of more than €1,000, most of them during the last months of his presidential term.
736:, a close personal friend of his father. In December 1979 Rato was elected to the national executive committee, and became secretary of the AP economic commission. In February 1981 he became one of the party's five Secretaries-General, and was considered to be their economic expert. He supported tight controls on public spending, and an emphasis on the
963:
On 4 July 2012, Rato, along with 30 other former members of the board of directors of Bankia, were charged with accounting irregularities. Bloomberg
Businessweek listed Rato as the worst CEO in 2012. In 2011, Bankia had announced profits of €309 million; after Rato resigned, the figure was amended to
986:
regime. In 2020, the High Court acquitted Rato in a separate trial over falsifying accounts and other charges in the listing of Bankia when he was the bank’s chairman. It later granted him a semi-release which allowed him to serve the rest of his sentence in partial liberty.
831:. In June 1991 he stopped being President of Fuensanta, but remained on the board until 1993. On 6 June that year the PP lost another general election to PSOE. In the 12th National Congress in January 1996 he was confirmed as one of the three vice secretaries of the party.
927:. On 7 May 2012, he resigned amid growing concerns about the solvency of the bank. Although the core capital ratio was 10,4%, the Popular Party Government planned to lend about 8 billion euro to the bank to increase its solvency, as was done before throughout Europe (e.g.
644:. Despite his prior assurances that he did not own companies in tax havens, apparently he used two offshore companies to avoid taxes on millions of euros kept overseas. It has been alleged that he owes taxes to both the Spanish and Panamanian governments.
786:
of the company from 1978 to 1982, he served as chairman from 1985 to 1991. In June 1989 Fraga again became interim
President after the generally acknowledged failure of the leadership of Hernández Mancha. The party became the slightly more inclusive
767:. Until 1984 Rato was the Secretary of the parliamentary group. He then became their economic affairs spokesman where he impressed the party with his attacks on the PSOE's economic policies. He was seen to be on the
680:
who was jailed in 1967 for tax evasion to
Switzerland through his Banco Siero, and of Aurora Figaredo Sela. Both the Rato and the Figaredo sides of his family owned industries and nobility titles. Rato attended a
647:
On 23 February 2017, Rato was found guilty of embezzlement of about 100,000 euros (in the so-called case "black cards") and sentenced to 4½ years' imprisonment. In
September 2018, the sentence was confirmed by the
935:
crisis). Due to his political ties to the governing PP, which decided to inject the funds, Rato resigned. He had his salary cut from €2.3 million to €600,000 annually in 2011 due to new laws for rescued banks.
822:
On 29 October, the PP lost the general election, though his role in the campaign gave him national prominence. Afterwards he was appointed party spokesman. On 2 April 1990 his father sold the family stake in
1467:
1205:
53:
721:
In 1975 Rato became involved in the family business, first in
Fuensanta, an Asturian mineral water company, and then in two Madrid construction firms. He also became involved in expanding the
1096:
974:
The case went to court in 2016. On 23 February 2017, Rato was convicted and sentenced to four and a half years in prison. In
September 2018, the sentence was confirmed by the
1909:
855:
who became
Minister of Finance. In his second term he had to fend off various charges of incompatibility between his public office and his private business interests.
791:(PP). Rato was given shared responsibility over the elections with Francisco Álvarez-Cascos Fernández, the new party Secretary General. He was a close supporter of
1949:
1944:
1939:
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1919:
782:, but managed to keep his positions within the party. During these years he also continued his business career in Aguas de Fuensanta; having previously been the
887:
673:
967:
After a hearing 17 October 2014, the
Spanish High Court judge Fernando Andreu assigned civil responsibility for the credit card abuse to Rodrigo Rato and
1403:
1141:
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1979:
1969:
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851:. On 12 March 2000 the PP won again, this time with an absolute majority. His ministries were reorganised, and he gave all his responsibilities to
1904:
281:
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1964:
1706:
57:
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1254:
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466:
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882:
In June 2007 Rato announced that he would resign from his post the following
October, citing personal reasons. On 28 September 2007, the
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1959:
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1989:
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814:(L) shake hands after signing the memorandum of understanding for the 2009 IMF-World Bank Annual Meetings to be held in
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1429:"El Supremo confirma la condena de 4 años y seis meses de cárcel para Rodrigo Rato por las tarjetas black"
1167:"El Supremo confirma la condena de 4 años y seis meses de cárcel para Rodrigo Rato por las tarjetas black"
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923:, and after a merger with other six saving banks he assumed the presidency of the new group now called
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1267:
788:
536:
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1305:
1016:«Rato, detenido en el registro de su vivienda en Madrid por supuestos delitos de fraude y blanqueo.»
1481:"Interior incluye a los 15 presos de las black en un fichero de reclusos de "especial seguimiento""
38:
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971:. Rato was ordered to pay a bond of €3 million, and was expelled from the People's Party (PP).
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The 1982 election handed a loss to the AP, and marked the beginning of the long rule of the
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8:
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1507:
Former IMF chief Rato to leave
Spanish prison on semi-release from embezzlement sentence
798:
764:
1853:
1738:
995:
Rodrigo Rato he has been married to journalist and editor-in-chief of the newspaper
1833:
1031:
682:
637:
1539:
1823:
526:
64:
1838:
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1506:
1454:
Rodrigo Rato ingresa en la prisión de Soto del Real: "Pido perdón a la sociedad"
1192:
Rodrigo Rato ingresa en la prisión de Soto del Real: "Pido perdón a la sociedad"
872:
208:
828:
811:
640:. His case was still awaiting trial a year later when his name appeared in the
1873:
1813:
1699:
1239:
932:
641:
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1078:"Rodrigo Rato: "No tengo sociedades en paraísos fiscales ni fuera de la UE""
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from 1996 to 2004. He also served as the ninth managing director of the
1808:
1223:, J. CASTRO VILLACAÑAS, 1 March 2015. Consultado el 9 de mayo de 2018.
1097:"Nacional – Rodrigo Rato: Más de 3,6 millones de euros en dos offshore"
807:
768:
609:(born 18 March 1949) is a businessman and politician who served in the
1272:
1268:"Economía concedió una subvención de 22 millones a Aguas de Fuensanta"
752:
town. He represented the area until 1989 and subsequently represented
928:
774:
When Fraga resigned from the leadership in December 1986 Rato backed
749:
740:
of economics. In October 1982 he won election as an AP member of the
1404:"Former IMF chief gets four years in jail for embezzlement in Spain"
1386:
El PP da de baja a Rato y a los 12 militantes de las tarjetas opacas
1142:"Former IMF chief gets four years in jail for embezzlement in Spain"
1361:"Ex-IMF chief ordered to post €3m bond over Caja Madrid card abuse"
1233:«Fallece Aurora Figaredo, la madre de Rodrigo Rato, a los 90 años.»
669:
665:
1115:"Rodrigo Rato dejó a deber dinero incluso a la Hacienda de Panamá"
1510:
146:
1255:
Fondos Familia Figaredo (Real Instituto de Estudios Asturianos).
732:(AP), a party containing former ministers of Franco, founded by
1527:
1468:
Ex-IMF head Rodrigo Rato starts jail term in 'black cards' case
1206:
Ex-IMF head Rodrigo Rato starts jail term in 'black cards' case
951:
924:
815:
661:
622:
522:
1032:"Spanish police search home and off ex-IMF chief Rodrigo Rato"
63:
from the article and its talk page, especially if potentially
978:, and Rato entered prison on 25 October 2018. He was held in
629:
614:
1216:
El único que dijo 'no' a la tarjeta black, Francisco Verdú.
1018:
983:
871:, who had been acting as temporary Managing Director after
847:, and on 6 May Rato became both second Vice President and
1306:"Rodrigo Rato pasa de ganar 2,3 millones a 600.000 euros"
898:, to be the new managing director in succession to Rato.
834:
1910:
Managing directors of the International Monetary Fund
1024:
875:, who at that time was nominated (and later elected)
795:, who was voted as the new PP leader on 4 September.
1094:
1059:"Rodrigo Rato, también en los 'Papeles de Panamá'"
802:Rodrigo de Rato (R), Turkey's Minister of Economy
1871:
1505:Jesús Aguado and Emma Pinedo (October 1, 2020),
886:'s 24 executive directors elected former French
1950:Members of the 8th Congress of Deputies (Spain)
1945:Members of the 7th Congress of Deputies (Spain)
1940:Members of the 6th Congress of Deputies (Spain)
1935:Members of the 5th Congress of Deputies (Spain)
1930:Members of the 4th Congress of Deputies (Spain)
1925:Members of the 3rd Congress of Deputies (Spain)
1920:Members of the 2nd Congress of Deputies (Spain)
1290:[Rato resigns as president of Bankia].
1075:
901:
858:
628:Rato was arrested on 16 April 2015 for alleged
153: and the second or maternal family name is
954:, Member of the Board of Directors (2010–2012)
652:, and Rato entered prison on 25 October 2018.
1776:
1478:
888:Minister for Economics, Finance, and Industry
674:Faustino Rodríguez-San Pedro y Díaz-Argüelles
621:(IMF) from 2004 to 2007 and the president of
1056:
655:
479:28 October 1982 – 21 November 1989
1790:
1783:
1769:
1556:Rodrigo de Rato's Project Syndicate op/eds
170:
56:about living persons that is unsourced or
863:Rato became the managing director of the
748:in spite of having no connection to this
672:. He is the great-grandson of politician
240:3 September 2003 – 17 April 2004
127:Learn how and when to remove this message
1479:López-Fonseca, Óscar (15 January 2019).
958:
797:
1980:Spanish officials of the United Nations
1970:Spanish politicians convicted of crimes
1900:Complutense University of Madrid alumni
1288:"Rato dimite como presidente de Bankia"
1265:
948:(IAG), Member of the Board of Directors
687:Our Lady of Remembrance College, Madrid
458:21 November 1989 – 12 May 2004
1905:Economy and finance ministers of Spain
1872:
1095:EUROPA PRESS. MADRID (18 April 2016).
835:Minister of Economy and vice president
346:6 May 1996 – 4 September 2003
294:27 April 2000 – 17 April 2004
198:7 June 2004 – 1 November 2007
1965:Politicians convicted of embezzlement
1764:
1616:Second Deputy Prime Minister of Spain
1401:
1139:
728:In 1977 Rato joined the newly formed
334:Second Deputy Prime Minister of Spain
1707:First Deputy Prime Minister of Spain
1472:
839:Then on 3 March 1996 the PP won the
228:First Deputy Prime Minister of Spain
18:
1545:Guardian article on his appointment
1266:Horcajo, Xavier (20 October 2001).
939:
894:, over former Czech Prime Minister
776:Miguel Herrero y Rodríguez de Miñón
716:
400:5 May 1996 – 27 April 2000
13:
1895:People's Party (Spain) politicians
879:, resigned the post 4 March 2004.
698:University of California, Berkeley
595:University of California, Berkeley
14:
2001:
1960:People named in the Panama Papers
1717:María Teresa Fernández de la Vega
1521:
1076:Íñigo de Barrón (17 April 2015).
867:on 7 June 2004, taking over from
275:María Teresa Fernández de la Vega
1990:Prisoners and detainees of Spain
1526:
990:
778:who lost the leadership race to
23:
1975:Spanish prisoners and detainees
1955:Deputy prime ministers of Spain
1643:Ministry of Economy and Finance
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911:Rato assumed the presidency of
849:Minister of Economy and Finance
555:
388:Minister of Economy and Finance
1915:Haas School of Business alumni
1402:Jones, Sam (23 January 2017).
1185:
1159:
1140:Jones, Sam (23 January 2017).
1133:
1107:
1088:
1069:
1057:Europa Press (18 April 2016).
1050:
1009:
1:
1002:
16:Spanish politician and banker
1326:International Airlines Group
999:Alicia Gonzalez since 2015.
946:International Airlines Group
902:Career in the private sector
859:Managing Director of the IMF
660:Rodrigo de Rato was born in
145:, the first or paternal
34:biography of a living person
7:
1743:International Monetary Fund
884:International Monetary Fund
689:before studying law in the
676:and the son of businessman
619:International Monetary Fund
186:International Monetary Fund
61:must be removed immediately
10:
2006:
1021:. Retrieved 16 April 2015.
607:Rodrigo de Rato y Figaredo
507:Rodrigo de Rato y Figaredo
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1609:Juan Antonio García Díez
1564:Party political offices
1339:"The Worst CEOs of 2012"
853:Cristóbal Montoro Romero
843:. On 4 May Aznar became
780:Antonio Hernández Mancha
656:Early life and education
369:Juan Antonio García Díez
845:Prime Minister of Spain
706:Haas School of Business
1849:Dominique Strauss-Kahn
1819:Pierre-Paul Schweitzer
1753:Dominique Strauss-Kahn
976:Supreme Court of Spain
892:Dominique Strauss-Kahn
819:
691:Complutense University
650:Supreme Court of Spain
591:Complutense University
221:Dominique Strauss-Kahn
48:Please help by adding
1690:(Economy and Finance)
1669:(Economy and Finance)
1535:at Wikimedia Commons
959:Arrest and conviction
801:
696:In 1971 Rato went to
1859:Kristalina Georgieva
1829:Jacques de Larosière
1584:Congress of Deputies
1580:People's Party Group
1349:on 16 December 2012.
980:solitary confinement
877:President of Germany
742:Congress of Deputies
668:-owning family from
611:Council of Ministers
446:Congress of Deputies
316:Position established
54:Contentious material
1985:Directors of Bankia
1676:Ministry of Economy
921:Community of Madrid
771:wing of the party.
756:from 1989 to 2000.
625:from 2010 to 2012.
282:Minister of Economy
1890:People from Madrid
1794:Managing Directors
1601:Political offices
1550:Biography by CIDOB
1392:(27 October 2014).
1323:Board of Directors
1243:La Voz de Asturias
1101:diariodenavarra.es
915:in 2010, a public
820:
700:, and received an
1867:
1866:
1854:Christine Lagarde
1759:
1758:
1750:Succeeded by
1739:Managing Director
1724:Diplomatic posts
1714:Succeeded by
1683:Succeeded by
1653:Cristóbal Montoro
1650:Succeeded by
1623:Succeeded by
1591:Succeeded by
1531:Media related to
1367:. 17 October 2014
704:in 1974 from the
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435:Cristóbal Montoro
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37:needs additional
1997:
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730:Popular Alliance
717:Early beginnings
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664:, into a rich
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1844:Rodrigo Rato
1843:
1839:Horst Köhler
1804:Camille Gutt
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1732:Horst Köhler
1705:
1686:Pedro Solbes
1674:
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1636:Pedro Solbes
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1572:Luis Ramallo
1552:(in Spanish)
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1489:. Retrieved
1487:(in Spanish)
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1411:. Retrieved
1408:The Guardian
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1146:The Guardian
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322:Succeeded by
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1880:1949 births
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1413:24 February
1171:eldiario.es
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913:Caja Madrid
825:Cadena Rato
804:Ali Babacan
738:supply side
723:Cadena Rato
418:Preceded by
364:Preceded by
312:Preceded by
258:Preceded by
204:Preceded by
1874:Categories
1809:Ivar Rooth
1747:2004–2007
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1680:2000–2004
1647:1996–2000
1620:1996–2003
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1371:22 October
1003:References
982:under the
810:President
808:World Bank
750:Andalucian
678:Ramón Rato
578:Ramón Rato
513:1949-03-18
87:newspapers
1657:(Finance)
1439:3 October
1177:3 October
806:(C), and
587:Education
574:Relatives
475:In office
454:In office
438:(Finance)
396:In office
342:In office
290:In office
236:In office
194:In office
39:citations
1491:27 March
1310:El Mundo
1236:Archived
1221:El Mundo
1125:18 April
1042:16 April
1036:BBC News
670:Asturias
581:(Father)
566:Children
155:Figaredo
141:In this
65:libelous
1741:of the
1666:Himself
1582:in the
1511:Reuters
1485:El País
1390:El País
1365:El Pais
1292:El Pais
1273:El País
1119:ELMUNDO
1082:EL PAÍS
997:El Pais
829:pesetas
769:liberal
685:school
666:textile
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147:surname
101:scholar
1328:(IAG).
952:Mapfre
925:Bankia
907:Bankia
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662:Madrid
623:Bankia
543:Spouse
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467:Madrid
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108:JSTOR
94:books
32:This
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1441:2018
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1373:2014
1179:2018
1153:2017
1127:2016
1044:2015
1019:RTVE
984:FIES
931:and
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761:PSOE
744:for
636:and
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151:Rato
80:news
41:for
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