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The future of the estimated €26.6 million amassed by Rodrigo Rato, a former International Monetary Fund (IMF) chief and one-time senior official with the Popular Party (PP), is resting in the hands of the Spanish bank he once headed.
José Ignacio Goirigolzarri, who took over from Rato at the helm of Bankia after the lender had to be partly nationalized in 2012, is planning to take Rato to court to demand €133 million, representing a sixth of the €800 million bond required by the High Court to cover Rato’s civil liability in the Bankia flotation case.
Although Rato was initially being investigated for his role in getting the struggling lender trading on the Madrid stock exchange, a move that may have involved document forgery and other crimes, the former economy minister and deputy prime minister under José ..
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