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Former minister and banker Rato set for jail

  • Rato will get four and a half years

The Supreme Court has upheld an earlier ruling in the case of the fraudulent credit cards used by directors at Caja Madrid, now Bankia.

It means that an ex PP minister and the bank's former head, Rodrigo Rato will be among the 63 given prison sentences. Rato will get four and a half years, the highest sentence, with the minimum sentence given out being four months. Over 15 million euros was fraudulently spent by directors on the undeclared cards from 1992 to 2012.