Justice investigates the Spanish Telefonica for illegal payments to Rodrigo Rato – Terra Peru

The Spanish Justice has opened an investigation against the company Telefonica multinational and Lazard for its potential liability in an alleged crime of private corruption payments made by the manager former director of the IMF, Rodrigo Rato.

According to legal sources said Tuesday, a court in Madrid has taken a statement from the legal representatives of Telefonica and Lazard in a separate investigation into the case Rato piece.

In this part of the cause, which is under a gag order, they have already declared investigated the secretary general of Telefonica, Ramiro Sanchez de Lerin, and the CEO of Lazard in Spain, Pedro Pasquin, regarding irregularities in payments to Rato for their professional work in those companies.

In its report, the Spanish Tax Agency put the focus on the contract that Rato perceived his salary Telefonica through its company Kradonara 2001, and stressed the existence of the risk that the “main objective” was to avoid taxation of those amounts.

Therefore, the Spanish Treasury, as recorded in the summary of the case which has had access Efe, proposed the allocation of the leader of Telefónica Sanchez de Lerin, who signed agreements between the multinational Spanish and Kradonara to clarify what were the services performed by Rato, who ordered their recruitment and what were the criteria for selection.

On the investment bank Lazard, the judge investigating the payment of nearly 6.2 million former minister between 2011 and 2013, allegedly as compensation, since in the past had worked in the investment bank and a loan granted this entity at the time when Spanish -Minister of Economy Rato 1996 to 2004 and was president of Bankia.

These events occurred at the same stage that Lazard was hired as a consultant in the IPO of Bankia (2011) -a bank nacionalizada- partially, by the prosecution considers the existence of a crime of bribery or corruption among individuals.

Together with this cause, the manager former director of the IMF has several cases pending before the Spanish justice, which investigates the use of opaque cards Bankia entity under his direction, and by the alleged irregularities by the IPO of this entity.