Former Director IMF chief Rodrigo Rato. PRESS / File
The Spanish Treasury investigating the former Minister of Economy and former Director General of the IMF Rodrigo Rato on suspicion of money laundering has been able to benefit from a tax amnesty aimed at stabilizing heritage.
Rodrigo Rato to the tax amnesty are hosted in 2012 to regularize their heritage and as a result the tax authorities began investigating a “complex family corporate network,” explained Efe sources close to the process.
The result of this work and when in doubt the origin of the goods declared by the Ministry of Finance Rato included him in a list of 705 people suspected of money laundering able to tax amnesty.
From there will be technical in financial intelligence of the Ministry of Economy which delve into research to confirm if there is evidence of a crime.
The Vozpópuli digital newspaper reported yesterday that news and ensured that the former Minister of Economy has, since late 2013, 75 percent of a company with connections in Gibraltar and the Virgin Islands.
Speaking to Rato has denied that have or have ever had a firm established in these tax havens, while assured that not aware of who is being investigated for Economy.
Rodrigo Rato declined to say whether filed for tax amnesty, news that government sources have confirmed to several media and has generated a flurry of reactions.
The parliamentary opposition groups were the first to criticize the possibility that Rato was able to launder money after invoke the last extraordinary tax regularization, is colloquially known as a tax amnesty.
On the Government, Ministers of Finance, Cristobal Montoro and Economy, Luis de Guindos, claimed the obligation of confidentiality to avoid comment on the matter .
Meanwhile, former colleagues Rato in the Popular Party (PP, center-right) asked to give explanations about its financial condition.
In order to bring out money does not declared, the Spanish government approved in 2012 a program of regularization of hidden assets which established a special tax of 10% for all income came to light.
The lien was 8% for companies aflorasen Dividends from foreign sources or income derived from the transfer of shares.
The process was open between June and November 2012 and allowed 40,000 million was declared.
This generated income of 1,200 million to the state coffers, almost half of what the government hoped to raise.
However, who has committed an offense of laundering or concealment of assets will remain responsible for it although it had benefits from the tax amnesty, which caused the Tax Agency detected 705 suspected cases, including that of Rato.
Minister of Economy between 1996 and 2004 and IMF managing director between 2004 and 2007, Rato was then president of the entities Caja Madrid and Bankia, for whose management is also investigated in different cases.
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