The ex-director of the IMF apologizes when entering a Spanish prison



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MADRID.- The former director manager of International Monetary Fund, Rodrigo Rato, request sorry for his crimes this Thursday, when he began serving a four-and-a-half-year prison sentence for illegally embezzling funds from a bank through a professional credit card.

Short At the entrance to the prison, he made a statement to the reporters present, his first public "mea culpa".

"I'm assuming the mistakes I've been able to make, I'm asking sorry to society and people who may have been disappointed or touched, "he said when he entered the Soto del Real penitentiary in the suburbs of Madrid.

Dressed in jeans and a navy blue vest, Short He entered with two large black suitcases.

Whoever one day was known as the author of Spain's "economic miracle" has pending a lawsuit aimed at elucidating a possible fraud at the IPO. from Bankia.

The so-called "black card" case has investigated the improper use of credit cards by former directors and officers of Caja Madrid and after Bankia, a financial institution resulting from the merger of several banks. Savings that was finally saved public money

The original decision sentenced a total of 63 former directors or former members of the board of directors of both entities, for fraudulently spending about 12.5 million euros.

The other principal convicted in the case for fraudulent use of credit cards, Miguel Blesa, was sentenced to six years. However, the one who led for nearly 13 years Caja Madrid has committed suicide in July 2017.

The conviction of Short and Blesa's suicide marked the end of an era of waste and mismanagement of Spanish savings banks.

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