Former IMF head gets 41/2 years for misuse of funds


RODRIGO Rato, a former managing director of the International Monetary Fund, was convicted on Thursday on charges of misusing the funds of a Spanish bank that he led to near-collapse. He was sentenced to 4 1/2 years in jail.

Rato is the most prominent person to have been convicted since the rescue...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to