WorldSpain's anti-corruption prosecutor on Friday allowed former IMF chief Rodrigo Rato to remain free and without judicial supervision despite a jail sentence of four years and six months for embezzlement. Rato, who is also a former Spanish economy minister, will now remain at liberty until the court rules definitively on his case. Rato was sentenced on February 23 for misusing funds when he was the boss of two Spanish banks. Pending a final verdict, the anti-corruption prosecutor did not ask the National Court hearing the case to take Rato into custody. Rato, 67, denied any wrongdoing and said the credit cards were for discretionary spending as part of executives' pay.

Source: Sunday Times March 03, 2017 17:13 UTC